La-Z-Boy has developed a new format for our Furniture Galleries. These new generation
stores are characterized by amenities such as easy-to-navigate pathways, raised
ceilings, colorful signage, distinguishing graphics and attractive vignette displays.
The enterprising store layout also provides for an impressive, centrally positioned
Design Center and four distinct product gallery sections.
The company continues to make progress in the expansion of the La-Z-Boy Furniture
Galleries system into the New Generation format. For the fiscal year 2007, the system
opened, relocated or remodeled 42 New Generation stores in the overall network.
Today there are 194 La-Z-Boy Furniture Galleries in the New Generation format. As
a result of a consultative-only approach focused on helping the customer design
her home, customers and staff are able to work together more closely and effectively,
resulting in higher average ticket sales per customer.