La-Z-Boy's new Chicago store showcases comfort and innovation, featuring modern themes and interactive shopping experiences.
Quiver AI Summary
La-Z-Boy has opened a new retail experience store in Lincoln Park, Chicago, emphasizing its rich heritage and commitment to comfort while embracing modern lifestyles. The store features interactive areas like a Recliner Runway, allowing customers to explore and customize their recliners, and showcases themes such as "Urban Modern," "La-Z-Girl," and "Gamer." Designed in collaboration with Hello Mercer and local artist Stephen Monkemeier, the 12,600 square-foot space incorporates Chicago elements and a mural referencing the original La-Z-Boy logo. To celebrate the launch, they are offering exclusive promotions, including a new signature candle, Heritage 1927. The store aims to provide a unique shopping experience tailored to individual comfort preferences while connecting with the local community.
Potential Positives
- La-Z-Boy opens a new retail experience store in Chicago's Lincoln Park, enhancing its brand presence in a key market.
- The store embraces modern lifestyle themes like “Urban Modern,” “La-Z-Girl,” and “Gamer,” appealing to a diverse customer base.
- Exclusive in-store promotions and Black Friday deals are being offered, attracting shoppers and increasing foot traffic.
- The collaboration with local artists and design agencies reflects a commitment to community engagement and brand heritage.
Potential Negatives
- The new retail experience reflects a shift in business strategy that may indicate previous approaches were inadequate or failing to attract customers effectively.
- The emphasis on modernizations such as "Urban Modern," "La-Z-Girl," and "Gamer" themes suggests a potential risk of alienating traditional customers who prefer classic styles.
- Exclusive promotions like Black Friday deals may signify a need to aggressively drive sales, which can imply challenges in maintaining consistent consumer interest or demand.
FAQ
What is the new La-Z-Boy store concept in Chicago?
The new La-Z-Boy store emphasizes innovation and comfort, showcasing themes like “Urban Modern,” “La-Z-Girl,” and “Gamer.”
Where is the La-Z-Boy store located in Lincoln Park?
The store is located at 1520 N. Halsted Street, Lincoln Park, IL, 60642.
What special offerings are available for Black Friday?
La-Z-Boy is providing exclusive in-store promotions and Black Friday deals to celebrate the store opening.
How can customers interact with La-Z-Boy recliners in-store?
Customers can visit the Recliner Runway to interact with recliners and use digital touchscreens for customization.
What unique features does the Lincoln Park store have?
The store features a hand-painted entryway, a mural by local artist Stephen Monkemeier, and the exclusive Heritage 1927 candle.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LZB Congressional Stock Trading
Members of Congress have traded $LZB stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $LZB stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 07/16.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$LZB Insider Trading Activity
$LZB insiders have traded $LZB stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $LZB stock by insiders over the last 6 months:
- JANET KERR sold 3,890 shares.
- JENNIFER LYNN MCCURRY (Chief Accounting Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 4,414 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LZB Hedge Fund Activity
We have seen 106 institutional investors add shares of $LZB stock to their portfolio, and 138 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SILVERCREST ASSET MANAGEMENT GROUP LLC removed 1,608,644 shares (-50.2%) from their portfolio in Q3 2024
- PACER ADVISORS, INC. removed 1,394,677 shares (-100.0%) from their portfolio in Q3 2024
- FULLER & THALER ASSET MANAGEMENT, INC. added 936,694 shares (+inf%) to their portfolio in Q3 2024
- SCOPUS ASSET MANAGEMENT, L.P. removed 625,000 shares (-100.0%) from their portfolio in Q2 2024
- GW&K INVESTMENT MANAGEMENT, LLC added 453,144 shares (+inf%) to their portfolio in Q3 2024
- BALYASNY ASSET MANAGEMENT L.P. added 310,920 shares (+inf%) to their portfolio in Q3 2024
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 259,140 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
- Highlights La-Z-Boy’s rich heritage while embracing modern lifestyles, introducing “Urban Modern,” “La-Z-Girl,” and “Gamer” themes
- Embodies innovation in the retail experience of the La-Z-Boy brand, aiming to share the transformational power of comfort with a broader audience
MONROE, Mich., Nov. 25, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, opens the doors to a new retail experience store in Chicago’s iconic Lincoln Park neighborhood.
Innovation and comfort converge in the new space, which immediately welcomes customers and immerses them in the unparalleled transformational power of comfort that defines the La-Z-Boy lifestyle. The in-store experience highlights La-Z-Boy’s rich heritage as the inventor of the world’s first recliner nearly 100 years ago, while embracing modern lifestyle cues that empower shoppers to create spaces that are just right for them.
Customers can visit a Recliner Runway and interact with iconic La-Z-Boy recliners to learn more about product features or build a customized recliner using a digital touchscreen. Throughout the store, modern lifestyles are embraced with themes like “Urban Modern,” “La-Z-Girl,” and “Gamer.” Every detail reflects the company’s mission to inspire relaxation and prioritize customer comfort with each interaction.
“We are committed to providing consumers with unparalleled comfort, and in this new store, that includes offering comfortable, inspiring shopping experiences that are tailored to their unique lifestyle preferences,” said Rebecca Reeder, President, Retail La-Z-Boy Furniture Galleries. “Our Lincoln Park store in the heart of Chicago signals innovation in our retail experience and brand, allowing us to share the transformational power of comfort with a broader audience.”
To build an experience that both celebrates the La-Z-Boy brand as well as the Chicago community, La-Z-Boy hired American design agency Hello Mercer. The team commissioned Chicago-based artist Stephen Monkemeier to create a mural that references the original La-Z-Boy logo, displayed along the exterior wall of the store. There are also numerous touches of La-Z-Boy and Chicago heritage reflected throughout the 12,600 square-foot space. A hand-painted entryway welcomes the customer and reminds them of the company's commitment to quality and comfort since its founding in 1927. Also exclusive to the store launch is the company’s first candle, Heritage 1927. The candle, which embodies the smell of comfort, was designed by Joya Studio of Brooklyn, New York. In addition to nods throughout the pet-friendly store that highlight Chicago, a hero “La-Z-Dog” wall showcases the community’s favorite pets.
To celebrate the opening, La-Z-Boy is offering shoppers exclusive in-store promotions and Black Friday deals. Located at 1520 N. Halsted Street, Lincoln Park, IL, 60642, the La-Z-Boy store is open Monday – Saturdays from 11 a.m. to 7 p.m. and Sundays from 12 to 6 p.m.
“Definitely make us part of your Black Friday plans,” says store manager Sarah Haines. “We look forward to meeting our Chicago neighbors and sharing our newly inspired offerings that will surely provide an upgrade and new level of comfort to your living space.”
For more information and to shop online visit www.la-z-boy.com .
Media Contacts :
Cara Klaer, Corporate Communications: (734) 598-0652; Cara.Klaer@la-z-boy.com
About La-Z-Boy Incorporated:
La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world – a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture retailer and manufacturer, committed to uncompromising quality and compassion for its consumers.
The Retail segment consists of 193 company-owned La-Z-Boy Furniture Galleries® stores and is part of a broader network of over 350 La-Z-Boy Furniture Galleries® that, with La-Z-Boy.com , serve customers nationwide. Joybird®, an e-commerce retailer and manufacturer of modern upholstered furniture, has 12 stores in the U.S. In the Wholesale segment, La-Z-Boy manufactures comfortable, custom furniture for its Furniture Galleries® and a variety of retail channels, England Furniture Co. offers custom upholstered furniture, and casegoods brands Kincaid®, American Drew®, and Hammary® provide pieces that make every room feel like home. To learn more, please visit: https://www.la-z-boy.com/ .
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9be7f3b5-224a-40aa-af69-cdb9825fef39
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https://www.globenewswire.com/NewsRoom/AttachmentNg/8765f5dd-ed99-480b-8021-2d987c901584
https://www.globenewswire.com/NewsRoom/AttachmentNg/62a42bf4-752d-4433-b67b-3efb371998d1