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La-Z-Boy Expands Retail Holdings

MONROE, MI-La-Z-Boy Inc. has purchased a total of eight retail stores in Pittsburgh and Connecticut and plans to open additional stores in the Hartford market. The company's strategic repositioning also includes renovating existing stores, while shuttering lackluster locations.

By Dan Heaton | Updated on May 06, 2005

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MONROE, MI-Michigan furniture maker La-Z-Boy Inc. has purchased a total of eight retail stores in Pittsburgh and Connecticut. Terms of the transactions were not disclosed. The Pittsburgh store portfolio was purchased from previous owner Paul Teplitz, while the Connecticut operation was purchased from Tom Greene.

With the move, La-Z-Boy says it plans to open additional stores and is particularly considering the Hartford market. It also said it will renovate the existing stores, but that some under performing locations could close.

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