8-K

                   SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.  20549

                                FORM 8-K

                         Current Report Pursuant
                      to Section 13 or 15(d) of the
                     Securities Exchange Act of 1934

                            January 27, 1995
           (Date of Report (Date of Earliest Event Reported))

                         LA-Z-BOY CHAIR COMPANY
         (Exact Name of Registrant as Specified in Its Charter)

                                Michigan
             (State or Other Jurisdiction of Incorporation)

                                 0-5091
                        (Commission File Number)

                               38-0751137
                  (I.R.S. Employer Identification No.)

                         1284 N. Telegraph Road
                         Monroe, Michigan 48161
      (Address of Principal Executive Offices, Including Zip Code)

                             (313) 242-1444
          (Registrant's Telephone Number, Including Area Code)

                            [not applicable]
       (Former Name or Former Address If Changed Since Last Report



Item 5.  Other Events

  See attached News Release.





                                SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                           LA-Z-BOY-CHAIR COMPANY


Date:  January 27, 1995                     Frederick H. Jackson    
                                           Chief Financial Officer

EX-1

NYSE & PSE:  LZB                 News Release           Contact:  Jim Korsnack
                                                            (313) 241-4208   


    
               LA-Z-BOY CHAIR CO. EXPECTS THIRD QUARTER SALES                  
                 TO IMPROVE BUT PROFITS TO BE FLAT OR LOWER

    
MONROE, MI., January 27, 1995:   La-Z-Boy Chair Company's third quarter to
end 1/28/95, is expected to show a sales improvement compared to last year's
third quarter, in line with analysts' expectations.  Aftertax profits,
however, are expected to be equal to or somewhat less than last year.
Analysts were expecting profits to improve over last year.  Detailed actual
financial results are planned to be released on February 16, 1995.

Sales
- -----
Compared to a very strong third quarter last year, sales for the current
year's third quarter are expected to increase about 8%.

Aftertax Profits
- ----------------
Last year's third quarter earnings per share (EPS) were $.44, which was a
26% improvement over the prior year which in turn was a 25% improvement over
its prior year.  It is anticipated that the current year's third quarter EPS
will be equal to or somewhat less than $.44.  Analyst's third quarter EPS
estimates have recently been between $.48 and $.53.

According to Chief Financial Officer F.H. Jackson, "Earnings for the quarter
will be negatively impacted by higher health-care costs, the adverse effect
of exchange rates and income taxes on our Canadian division and increases in 
material costs throughout all divisions.  The Company uses LIFO accounting
methods for inventory; as a consequence, price increases are immediately
reflected in the operating results.