La-Z-Boy Incorporated Common Stock (LZB)

Competitors to La-Z-Boy Incorporated Common Stock (LZB)

American Furniture Warehouse

American Furniture Warehouse (AFW) competes with La-Z-Boy by offering a variety of furniture options at competitive prices, paired with a strong emphasis on local market knowledge and promotional strategies. AFW's superstore format allows for a wide range of products available under one roof, catering to customers looking for value and diversity in their selections. While La-Z-Boy is synonymous with reclining comfort and durability, AFW's lower pricing and an extensive inventory can lure cost-sensitive shoppers, giving AFW an advantage in the budget market.

Ashley Furniture Industries, Inc.

Ashley Furniture is a significant competitor for La-Z-Boy due to its extensive product range and aggressive pricing strategies. Ashley offers a broad selection of affordable furniture and emphasizes fast delivery and wide distribution through both online and brick-and-mortar channels. While La-Z-Boy focuses on quality and comfort, especially with its iconic recliners, Ashley competes on price and variety, which can attract budget-conscious consumers looking for immediate solutions. Ashley’s strong customer reach gives it a competitive edge in the mass-market segment.

Ethan Allen Interiors Inc. 

Ethan Allen competes with La-Z-Boy in the premium and luxury furniture segment, focusing on high-quality craftsmanship and customizable options that appeal to upscale consumers. The brand is known for its home decor and design services, which add value to the customer experience. While La-Z-Boy excels in comfort and functional design, Ethan Allen appeals to those who prioritize aesthetics and personalization. This strategy provides Ethan Allen with a competitive advantage in the design and higher-end market segment, setting it apart from La-Z-Boy's more functional offerings.

Havertys Furniture Companies, Inc. 

Havertys competes with La-Z-Boy primarily in the mid-range and higher-end furniture markets. Both companies offer a wide variety of furniture products, including sofas, chairs, and bedroom furnishings. However, Havertys emphasizes customer service and personalized shopping experiences, which helps them attract customers looking for tailored solutions. While La-Z-Boy is well-known for its recliners and has a strong legacy brand appeal, Havertys may outperform in markets focusing on style and service, especially in regional markets.