during its fiscal fourth-quarter due todeclines in casegoods and retail sales

  Bedroom FurnitureLa-Z-Boy (nyse: LZB - news - people ) lost $4.4 million, or 9 cents per share, during the quarterended April 26, compared with a profit of $7.7 million, or 15 centsper share, for the comparable period a year earlier, the companysaid late Monday. Total sales fell 10 percent, to $368 million for the quarter, from$408.1 million in the year-ago period. Analysts polled by Thomson Financial, on average, forecast earningsof 2 cents per share for the quarter on sales of $375.9 million. La-Z-Boy said sales of casegoods, or wooden furniture, fell 24percent to $48.8 million, as fewer consumers are purchasing largersets of furniture for the dining room and bedroom, La-Z-Boy said ina statement. Retail sales fell 10 percent to $48.9 million and posted anoperating loss for the quarter. A majority of the decline in retailsales was tied to the company exiting the Pittsburgh market, whereit was operating during the year-ago period. Upholstery sales also declined, falling 9 percent to $277.5million, but the segment's operating margin improved as La-Z-Boyconverted its production process at its facilities. For the full fiscal year, La-Z-Boy lost $13.5 million, or 26 centsper share, compared with earnings of $4.1 million, or 8 cents pershare, during the previous year.  2008-06-18 14:59:52