MEN: La-Z-Boy losses mirror economy
The Monroe Evening News has this report today about another hometown business: La-Z-Boy losses mirror slowing economy
A snippet:
Furniture usually is a discretionary purchase that is an indicator of consumer confidence and the availability of disposable income. As such, La-Z-Boy’s business can fortell economic conditions in the near future.
The picture isn’t so rosy.
The latest figures reflect a deepening loss.
Posted: November 19th, 2008 under Financial crisis / recession, In the News.
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