It could be the housing market, or it could be the fact that La-Z-Boy furniture just isn’t what it used to be.

My mom bought two La-Z-Boy recliners and a sleeper sofa over a decade ago. She just moved across country and that furniture is still in excellent condition, they are comfortable, and they are great.

We purchased a sofa, a couple recliners and another chair from them about 5 years ago, and the sofa is on it’s last legs, springs are popping in it, one of the chairs is more uncomfortable than sitting on a concrete pad, one recliner broke ages ago, and we are seriously contemplating if we want to spend money at La-Z-Boy ever again. We spent almost $4,000 on that furniture, why would I toss more money down that hole?

Furniture maker and retailer La-Z-Boy Inc (LZB.N) reported a quarterly loss on Tuesday and the company said it would not meet its fiscal 2008 outlook, hurt by a depressed housing market and disappointing sales.

The company cited continued weak overall demand for furniture and said it was delaying plans for new stores in southeastern Florida due to the depressed housing market there.

A net loss in the fiscal second quarter came to $9.9 million, or 19 cents per share, on charges related to write-downs, restructuring and discontinued operations, compared with a year-ago profit of $1.95 million, or 4 cents per share .

And don’t even get me started on their delivery staff. Maybe this loss will force them to finally look at the big picture and realize they are making crappy furniture.

Comments are closed.