(Reuters) - Furniture retailer La-Z-Boy Inc LZB.N said on Wednesday it would partially resume production at several U.S.-based plants next week after temporarily shutting them down in response to the COVID-19 pandemic.
In March, Monroe, Michigan-based La-Z-Boy also temporarily closed its stores and furloughed 6,800 employees or 70% of its workforce.
The company, which last week opened several retail locations across the United States on a reduced schedule, said on Wednesday it expects to open more stores in the coming weeks.
The La-Z-Boy stock, which closed at $19.73 on Wednesday, has fallen 37.3% this year.
Reporting By Mrinalika Roy in Bengaluru; Editing by Maju Samuel
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