Abstracts » Home furnishings industry

La-Z-Boy's Canadian push

Article Abstract:

La-Z-Boy Canada is marking the launch of its national expansion push with two La-Z-Boy Furniture Gallery stores set to open in the fall of 1998. A 20,000-sq-ft store in the Toronto, Canada, suburb of Burlington is set to open in the middle of September 1998, while a slightly larger store will open in Ottawa, Canada, in October 1998. There are 16 additional stores under development, according to Ian Douglas, vice president of sales and marketing for La-Z-Boy Canada. Each of the stores, which will range from 12,000 sq ft to 18,000 sq ft, is expected to post an average yearly sales in the C$5 million range.

Comment:

Marks the launch of national expansion push with 2 La-Z-Boy Furniture Gallery stores set to open in the fall of 1998

Canada, Household and Institutional Furniture Manufacturing, Household Furniture & Bedding, La-Z-Boy Canada, Article

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Aaron Rents buys 15 franchisee stores in Texas

Article Abstract:

DPR Investments and DPR Partnership have sold 15 Aaron's Sales and Lease Ownership stores to Aaron Rents. The deal is valued at $17.5 million in cash.

United States, Acquisitions & mergers, Texas, Mergers, acquisitions and divestments, Company acquisition/merger, Buildings and facilities, Lease and rental services industry, Lease and rental services, Aaron Rents Inc., ARON, DPR Investments, DPR Partnership

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