National Furniture Maker Uhuru Secures Private Equity Investment to Fund Work-From-Home Consumer Furniture Expansion; Accelerate B2B Growth

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BROOKLYN, N.Y., Oct. 30, 2020 /PRNewswire/ — Uhuru Design, a Brooklyn-based New American Design furniture designer and manufacturer, today announced the closing of $6.9 million in private capital to support its national business-to-business and dealer network and … Read more

Flexsteel’s major restructuring effort pays off, sees big gains

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DUBUQUE, Iowa – Flexsteel Industries, one of the largest residential furniture makers in the U.S. and number 26 on the FDMC 300, has reported strong financial results after a long period of decline.
The furniture manufacturer reported net income
… Read more

Steelcase experiences cyberattack

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Steelcase was the target of a ransomware attack on its information technology systems, the company says.

The attack occurred Oct. 22, according to Steelcase, who added that they acted quickly to contain the issue.

“Steelcase is actively engaged in

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Knoll Reports Third Quarter Results

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EAST GREENVILLE, Pa., Oct. 26, 2020 (GLOBE NEWSWIRE) — Knoll, Inc. (NYSE: KNL), a constellation of design-driven brands and people, working together with clients in person and digitally to create inspired modern interiors for workplaces and homes, today announced financial … Read more

Steelcase furniture giant hit by Ryuk ransomware attack

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Office furniture giant Steelcase has suffered a ransomware attack that forced them to shut down their network to contain the attack’s spread.

Steelcase is the largest office furniture manufacturer globally, with 13,000 employees and $3.7 billion in 2020.

In an … Read more

Accounts in Transit: The Consultancy PR Picks Up Herman Miller

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The Consultancy PR, which specializes in the design, architecture and lifestyle industries, has been named agency of record for Herman Miller Retail, which includes the company’s three consumer-facing brands: Herman Miller, Design Within Reach and HAY. The agency will … Read more

MassEcon recognizes Leominster’s AIS with 2020 Corporate Hero Award

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LEOMINSTER — AIS, a leading manufacturer of commercial office furniture and seating, announced that MassEcon has named AIS a Local Impact Corporate Hero in recognition of how the company responded to the global pandemic.

“Amidst the loss of life … Read more

Montgomery County furniture firm Knoll to cut 200 jobs, its second reduction since the pandemic began

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Montgomery County workplace furniture and textile maker Knoll Inc. is planning to cut about 200 jobs and close five U.S. showrooms to further reduce expenses amid the coronavirus pandemic.

Knoll, which has hundreds of employees at its headquarters in

… Read more

La-z-boy Inc (LZB) Chairman, President & CEO Kurt L Darrow Sold $1.5 million of Shares

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La-Z-Boy Inc through its subsidiaries manufactures, markets, imports, distributes and retails upholstery furniture products. In addition, it imports, distributes and retails accessories and wood furniture products. La-Z-Boy Inc has a market cap of $1.64 billion; its shares were traded at … Read more

Herman Miller Hits Lofty 84 Relative Strength Rating Amid Stay-At-Home Boom

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It’s no secret that people are buying more furniture as they spend money on their homes that they would have used for entertainment. One company that’s getting a spike from that trend is Herman Miller (MLHR), whose Relative Strength (RS) … Read more