ADDED
The centerpiece of our retail distribution strategy is our network of 366 La-Z-Boy Furniture Galleries stores, over 500 La-Z-Boy Comfort Studio locations, and over 500 La-Z-Boy branded space locations, each dedicated to marketing our La-Z-Boy branded products.
La-Z-Boy Furniture Galleries stores help consumers furnish their homes by combining the style, comfort, and quality of La-Z-Boy furniture with our available design services.
La-Z-Boy Comfort Studio locations are defined spaces within larger independent retailers that are dedicated to displaying and selling La-Z-Boy branded products, while La-Z-Boy branded space locations display a curated selection of La-Z-Boy branded products within larger independent dealers.
All La-Z-Boy Comfort Studio locations and La-Z-Boy branded space locations are independently owned and operated.
In total, we have approximately 7.7 million square feet of proprietary floor space dedicated to selling La-Z-Boy branded products in North America within our La-Z-Boy Furniture Galleries stores and La-Z-Boy Comfort Studio locations.
We purchase most of our polyurethane foam from three suppliers, which have several facilities across the United States and the vast majority of our polyester batting is also sourced within the United States.
We purchase approximately two-thirds of our cover in a raw state (fabric rolls or leather hides) from suppliers in multiple countries including China, the United States, Vietnam and Brazil.
Fabric and leather are primarily imported directly into Mexico where it is then cut and sewn into cover in our cut and sew facilities.
During fiscal 2025, the cost of materials and parts used for manufacturing decreased across several categories.
In fiscal 2026, we anticipate that prices of such materials and parts will remain relatively consistent with those seen at the end of fiscal 2025, with potential increases due to economic volatility, tariffs and inflation related to our core materials.
REMOVED
The centerpiece of our retail distribution strategy is our network of 355 La-Z-Boy Furniture Galleries stores and 528 La-Z-Boy Comfort Studio locations, each dedicated to marketing our La-Z-Boy branded products.
We consider this dedicated space to be "proprietary." La-Z-Boy Furniture Galleries stores help consumers furnish their homes by combining the style, comfort, and quality of La-Z-Boy furniture with our available design services.
La-Z-Boy Comfort Studio locations are defined spaces within larger independent retailers that are dedicated to displaying and selling La-Z-Boy branded products.
All 528 La-Z-Boy Comfort Studio locations are independently owned and operated.
In total, we have approximately 7.6 million square feet of proprietary floor space dedicated to selling La-Z-Boy branded products in North America.
In total, our proprietary floor space includes approximately 12.3 million square feet worldwide.
We purchase most of our polyurethane foam from three suppliers, which have several facilities across the United States.
We purchase more than half of our cover in a raw state (fabric rolls or leather hides) from suppliers in multiple countries including China, the United States, and Brazil, then cut and sew it into cover in our cut and sew facilities in Mexico.
During fiscal 2024, the cost of materials and parts used for manufacturing moderated and began to stabilize relative to the volatility experienced in prior years as a result of the supply chain disruptions created by the COVID-19 pandemic.
As we begin fiscal 2025, we anticipate that prices of such materials and parts will remain relatively consistent with those seen at the end of fiscal 2024, with potential increases due to economic volatility and price and wage inflation related to our core materials.