La-Z-Boy reported flat consolidated sales of $570 million in Q4 fiscal 2026, with retail segment sales up 11% driven by new and acquired stores. Operating margins improved to 7.2% GAAP and 9.9% adjusted, supported by retail growth and wholesale margin gains despite slight sales decline. The company expanded its company-owned store base to 230 stores, representing 61% of its network, and completed strategic exits from wholesale casegoods businesses. La-Z-Boy also announced a new $300 million share repurchase program, signaling confidence in sustainable growth. Looking ahead, the company expects Q1 sales growth of up to 4% and adjusted operating margins between 4.0-5.5%, continuing its focus on retail expansion and operational efficiency.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
