La-Z-Boy Inc. (LZB) announced that it will consolidate Hammary Furniture, into its American Drew/Lea organization. The consolidation will begin in the middle of March and will be fully effective at the end of April 2010. The company noted that, as the consolidation process continues, roles and positions will be further defined.
Steven Kincaid, President of La-Z-Boy's Casegoods Segment, said, "The combination of these companies will allow us to bring a more complete casegoods product line up to our dealer base and we look forward to providing them with more of a one-stop solution for dining room, bedroom, youth furniture and occasional. Additionally, the larger combined organization will allow us to leverage the supply chain and distribution networks in place today for each company, affording us the opportunity to enhance service levels to our customer base while strengthening our sales, marketing and merchandising team under one umbrella".
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.