La-Z-Boy profit dented by investment

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La-Z-Boy, the Monroe, Michigan-based furniture brand, has reported a 15.9% drop in Q2 profit, despite a 4.8% uptick in sales, due to increased investment.The company, renowned for its iconic recliners, said that net sales were up year on year to US$322.3m, but that profit fell to US$6.6m from US$7.9m. Kurt ...

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