Exhibit 99.2



                                     NEWS RELEASE

                                FOR IMMEDIATE RELEASE
                                   October 28, 1994

                                Contact:  John J. Ong
                                Phone:  (910) 888-6353


                      LADD DIRECTORS AUTHORIZE STOCK REPURCHASE


               HIGH  POINT, NC   LADD Furniture,  Inc. announced today that
          its board of directors has authorized the repurchase of up to one
          million shares of LADD common stock from time to time in the open
          market, with the number  of shares purchased and the  prices paid
          dependent upon general market conditions.  LADD  chairman and CEO
          Richard R. Allen said such stock repurchases will be conducted on
          the  Nasdaq  National  Market  (NNM)  at  market  prices  through
          brokerage firms.  The repurchase program represents approximately
          4  percent  of  the 23.1  million  shares  of  LADD common  stock
          currently outstanding.

               According to  Allen, "The directors believe  that the recent
          decline in LADD's stock price does not properly reflect the value
          of the company's present  strength and future earnings potential.
          Consequently,  they  authorized this  selective  share repurchase
          program,  which  will be  used over  an  extended time  period to
          purchase LADD common  stock at attractive prices  for the benefit
          of all LADD  shareholders."   Allen added  that LADD's  directors
          believe  that  cash  flows  from operating  earnings  and  active
          balance sheet  management will  be sufficient to  fund the  stock
          repurchase program without significantly increasing the company's
          debt levels.

               Headquartered  in High Point, NC, LADD is one of the largest
          North  American  manufacturers  of residential  furniture  and  a
          leading  supplier  of  contract  furniture  to  the  hotel/motel,
          government and senior living health care markets domestically and
          abroad.   LADD  sells its  broad range  of wood,  upholstered and
          metal  furniture products  under the  major brand  names American
          Drew, American  of Martinsville,  Barclay, Brown  Jordan, Clayton
          Marcus,  Daystrom, Design  Horizons, Fournier,  Lea, Pennsylvania
          House and  Pilliod, and markets these  products worldwide through
          LADD International.   LADD  also  owns and  operates two  support
          companies, Lea Lumber & Plywood  and LADD Transportation.  LADD's
          stock is traded on  the Nasdaq National Market under  the trading
          symbol LADF.