La-Z-Boy Inc
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Consumer Discretionary : Household Durables | Small Cap Value
Company profile

La-Z-Boy Incorporated is a producer of reclining chairs and the manufacturer/distributor of residential furniture in the United States. The Company's segments include Wholesale segment, Retail segment and Corporate and Other. The Wholesale segment consists of three brands: American Drew, Hammary, and Kincaid, which manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas and imports casegoods (wood) furniture, such as occasional pieces, bedroom sets, dining room sets and entertainment centers. Its Retail segment consists of approximately 159 Company-owned La-Z-Boy Furniture Galleries stores. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories, to the end consumer through these stores. Its Corporate and Other includes Joybird, an e-commerce retailer that manufactures upholstered furniture.

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Dow just bagged its first record close since Aug. 16 as Powell says U.S. might see 'maximum employment' in 2022

4:03 pm ET October 22, 2021 (MarketWatch)

The Dow Jones Industrial Average registered its first record closing high in over two months, but the broader market faced headwinds from selling in information technology shares in an otherwise solid week of gains for the main three equity benchmarks. The Dow closed up 0.2% to reach 35,677, on a preliminary basis, marking the first all-time closing high since Aug. 16. The advance for the price-weighted blue-chip benchmark were supported in part by gains in American Express Corp. (AXP) and Goldman Sachs Group Inc. (GS). The record for the Dow also comes a day after the S&P 500 index registered its first closing high since Sept. 2. The broad-market index closed down 0.1% on Friday at around 4,544. Meanwhile, the Nasdaq Composite Index ended down 0.8% at about 15,090, weighed by shares of Google-parent Alphabet Inc. (GOOGL) and Facebook Inc. (FB). Fed's Powell said the U.S. labor market might continue to improve so it reaches "maximum employment" next year, speaking at an event hosted by the Bank for International Settlements.

-Mark Decambre


(END) Dow Jones Newswires

October 22, 2021 16:03 ET (20:03 GMT)

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