La-Z-Boy Madison
2133 East Springs Drive, Madison
home goods store
Ownership
La-Z-Boy operates approximately 210 company-owned La-Z-Boy Furniture Galleries stores out of a broader network of nearly 370 stores, and is listed on the New York Stock Exchange under symbol LZB, making it a major corporate chain with institutional ownership.
Local Sourcing
More than half of the company's cover materials are purchased from suppliers in countries like China and the U.S., before being cut and sewn in its Mexico facilities, indicating a predominantly national/global supply chain rather than local sourcing.
Community Involvement
In 2021, La-Z-Boy Incorporated and the La-Z-Boy Foundation made a combined total of donations of more than $2.7 million, and since 2018, employees have accumulated over 25,000 hours of volunteer service. However, most documented community involvement appears to be national/corporate-level rather than specific to Madison.
Local Workforce
La-Z-Boy has an employee rating of 3.4 out of 5 stars based on 1,090 Glassdoor reviews, and 59 employees scored wages and compensation as D+ on average, with only 42% saying they are paid fairly. Additionally, the NLRB issued a complaint against a La-Z-Boy franchisee for maintaining unlawful workplace rules prohibiting wage discussions and firing employees who raised concerns.
Revenue Retention
La-Z-Boy Inc. is an American furniture manufacturer based in Monroe, Michigan that employs more than 11,000 people, and as a publicly traded Fortune 500 company, revenue flows to shareholders globally rather than staying in the local community.
Local Presence
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