Today’s Trade Alerts include: La-Z-Boy Inc. (NYSE: LZB), Ethan Allen Interiors Inc. (NYSE: ETH), Haverty Furniture Companies Inc. (NYSE: HVT), Tempur-Pedic International Inc. (NYSE: TPX), Furniture Brands International Inc. (NYSE: FBN), and Sealy Corp. (NYSE: ZZ).
“Continuing a strong kickoff in yesterday’s trading, shares of La-Z-Boy Inc. (LZB) jumped 10.26% Tuesday morning, trading at $9.99. La-Z-Boy manufactures, markets, imports, distributes and retails upholstery products and wood casegoods furniture products under the La-Z-Boy brand in the United States and Canada...
“The company recently announced it is the new official furniture provider for Ronald McDonald House Charities (RMHC). As official provider, La-Z-Boy will help provide a home-away-from-home to families when they need it most. RMHC and La-Z-Boy have entered into a multi-year sponsorship agreement to bring the company's world-famous, comfortable furniture to Ronald McDonald House programs and Ronald McDonald Family Room programs throughout the United States and Canada…
“La-Z-Boy's contribution to RMHC will include annual furniture donations to all Ronald McDonald House programs and Ronald McDonald Family Rooms in Canada and the United States, as well as a cash contribution to RMHC. The company said that over the next few years this will add up to thousands of pieces of furniture, consisting of stationary and motion sofas, love seats and sectionals, occasional tables and other wood furniture, as well as ottomans, accent chairs and recliners...”
“Ethan Allen Interiors Inc. (ETH) shares rose 2.68% to $27.96 Tuesday morning. Ethan Allen Interiors engages in manufacturing and retailing home furnishings and accessories primarily in the United States…
“The company recently said it will expand its international operations, hoping to take its store-within-a-store concept to Europe. To lead the effort, the company tapped Gregor Noelle, a veteran of European retail management who was most recently a partner at consulting firm Neuhaus & Partners…
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“The company said Noelle will be responsible for pitching Ethan Allen's merchandising and marketing package to possible partners…”
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