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The Untold Story of How Covid Crushed the Furniture Industry - Vimarsana News

The Untold Story of How Covid Crushed the Furniture Industry

Samantha Lee/Insider Furniture sellers still have historically long backlogs and face tight freight markets. Furniture manufacturers haven't adjusted to the e-commerce boom. Winners will adjust supply chains on the fly to deliver on time and keep promises to customers.  Cathy Roberson sinks into her couch when she sits down. The coils are shot, and it's time to replace it. But these days, getting a new couch takes more than choosing a new design and pulling out a credit card. It takes serious patience.  "Our go-to furniture store is La-Z-Boy. I grew up with La-Z-Boy....

Wayfair blames supply chain snarls for order delays - Vimarsana News

Wayfair blames supply chain snarls for order delays

This time of year, China's Lunar New Year celebration brings about a slowdown in manufacturing and supply chain movement that retailers didn't have an adequate chance to prepare for due to the turmoil of the last year and the existing difficulty in restocking.  Freight capacity is strapped on land, air, and sea, but for Wayfair, ocean freight is of particular concern since even in a pinch, furniture sellers are unlikely to go by air, due to the cost.  The nearly year-long cascade of disruption is an industry-wide problem. Gary Friedman, CEO of Restoration Hardware's parent company, said on ...

La-Z-Boy Incorporated (LZB) Q3 2021 Earnings Call Transcript - Vimarsana News

La-Z-Boy Incorporated (LZB) Q3 2021 Earnings Call Transcript

La-Z-Boy Incorporated (LZB) Q3 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. La-Z-Boy Incorporated (NYSE: LZB) Operator Good morning, ladies and gentlemen, and welcome to the La-Z-Boy Fiscal 2021 Third Quarter Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host Kathy Liebmann. Ma'am, the floor is yours. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inac...

Source: msn.com
Leadership change at La-Z-Boy, Darrow to retire as CEO - Vimarsana News

Leadership change at La-Z-Boy, Darrow to retire as CEO

Comments Pictured left to right: Kurt Darrow, Melinda Whittington and Robert Lucian MONROE, Mich. - La-Z-Boy Inc. announced that Kurt L. Darrow will retire from his positions as president and CEO effective April 25, after more than 40 years of service at the residential furniture giant. He will remain chairman of the board of directors, in a non-executive capacity. Current CFO Melinda D. Whittington has been unanimously appointed by the board to serve as president and CEO. She was also elected to serve on the board of directors, effective April 25. Robert G. Lucian, vice preside...

La-Z-Boy Announces Kurt Darrow to Retire as CEO; Will Remain Chairman of the Board - Vimarsana News

La-Z-Boy Announces Kurt Darrow to Retire as CEO; Will Remain Chairman of the Board

Press release content from Globe Newswire. The AP news staff was not involved in its creation. La-Z-Boy Announces Kurt Darrow to Retire as CEO; Will Remain Chairman of the Board La-Z-Boy IncorporatedFebruary 16, 2021 GMT MONROE, Mich., Feb. 16, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Kurt L. Darrow will retire from his positions as President and Chief Executive Officer (“CEO”) on April 25, 2021, after more than 40 years of service to the company. His retirement follows the end of La-Z-Boy’s fiscal 2021 ye...

Source: apnews.com