As of Jan 28, 2017, there were 142 company-operated La-Z-Boy Furniture Galleries stores located in 12 markets ranging from southern California to the Midwest to the East coast of the US, as well as 204 La-Z-Boy Furniture Galleries stores and 551 Comfort Studios locations which are independently owned and operated.
In fiscal 2016, across the La-Z-Boy furniture galleries network systemwide, 16 new stores were opened, 11 stores were acquired, and 3 stores were closed. During the first nine months of fiscal 2017, the company opened 9 new stores, remodeled 7 stores, relocated 1 store, and closed 3 stores. In fiscal 2017, the company expects to open 16 stores, close 4 stores, and complete 8 remodels, systemwide.
The majority of stores are leased and range in size from 15,500 – 20,500 square feet, providing 13,000 – 17,000 square feet of selling space. eMarketer estimates the average store is approximately 18,000 square feet.
|Total gross square feet (M)||2,556||2,232||1,980||1,818||1,692||1,530|
|Total gross square feet growth||15.4%||12.7%||8.9%||7.4%||10.6%||2.4%|
|Avg store gross sq ft||18,000||18,000||18,000||18,000||18,000||18,000|
|Avg store gross sq ft growth||0.0%||0.0%||0.0%||0.0%||0.0%||0.0%|
Notes:Only includes company-operated stores; calculated based on reported square footage range and an eMarketer estimate that the average store is approximately 18,000 gross square feet