The United Community Fund of Neosho Area (United Fund) received $25,000 from La-Z-Boy in Neosho on Jun. 8, as the partnership between the two continues to help local non-profit organizations.

The United Fund supports a wide variety of causes and agencies that provide services in health, education, and recreation for citizens in the Neosho area.

It also provides assistance for disaster relief, substance abuse, mental illness, family counseling, emergency aid and youth groups.

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Dive Brief:

• La-Z-Boy is working to cut down “unprecedented” lead times of five to nine months by increasing production capacity “as quickly as possible,” CEO Kurt Darrow said on an earnings call this month.
• The company said it is communicating with partners in Asia and in the U.S. to address supply disruptions. It also opened a new manufacturing facility in Mexico that started production in December, which it anticipates will ramp up inventory over the first half of the year, and temporarily reopened portions of its Newton, Mississippi, assembly plant last year. Weekend and third-shift production lines that were started last year continued operation at all the retailer’s U.S. plants throughout Q3 2020.

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MONROE, Mich. – La-Z-Boy’s recently announced fiscal third-quarter results again painted a picture of the opportunities and challenges facing the furniture industry as a whole.

In a conference call with analysts and a follow-up interview with Furniture Today, outgoing CEO Kurt Darrow and his successor, current CFO Melinda Whittington, outlined how La-Z-Boy is addressing the positives and the problems, and set the stage for a change in corporate leadership at an industry manufacturing and retail powerhouse. (Darrow will continue as chairman of the board when Whittington officially assumes the CEO role at the end of La-Z-Boy’s fiscal year.)

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