Abatement approved for Indiana Furniture expansion

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Thursday, 20 May, 2021

JASPER — Indiana Furniture Industries will invest more than $17 million to add a new facility on Jasper’s south side and will close its location on Mill Street.

The Jasper Common Council approved Wednesday a nine-year tax abatement that will phase out in the final four years to help fund the project. The company announced earlier this week that it plans to build a 165,000-square-foot addition that will be used for manufacturing and shipping.

Read full article here: (The Herald)

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Steelcase: The Workspace Comeback Play

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Monday, 17 May, 2021

Steelcase (SCS), one of the largest furniture and workspace appliances manufacturers in the United States, has seen some difficult times due to the COVID-19 pandemic. Since millions of office workers have been working from home since early 2020, they haven’t been spending as much in office upgrades and overall workspace improvements as they typically do during the work cycle. As a result, Steelcase has seen a dramatic drop in revenues and earnings in 2020 and they expect 2021 to be just marginally better.

Read full article here: (Seeking Alpha)

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Flexsteel Industries, Inc. to Present at Sidoti Virtual Investor Conference

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Friday, 14 May, 2021

Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers and online marketers of furniture products in the United States, today announced that Jerry Dittmer, President and Chief Executive Officer, and Derek Schmidt, Chief Financial Officer and Chief Operating Officer, will present at the Sidoti & Company LLC Microcap Virtual Investor Conference on Wednesday, May 19, 2021, at 10:00 a.m. Eastern Time. The presentation will be webcast live and available for viewing 90 days following the event.

Read full article here: (Yahoo Finance)

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Trendway signs multi-year partnership with Canada’s Kinetic GPO

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Thursday, 13 May, 2021

HOLLAND, Mich. –  Trendway has entered into a new, three-year partnership with Kinetic GPO, a cooperative purchasing organization established for the broader public sector, nonprofit and municipalities, academics, school boards and health and social services (MASH) entities across Canada.

The contract officially took effect on Feb. 1 and will remain active through Jan. 31, 2024, with an option to extend the term for an additional period of up to two years. It provides exclusive pricing and access to Trendway furniture, installation, and related products and services to public entities in Canada and helps the organizations reduce procurement costs by leveraging group purchasing power and simplifying the overall procurement process. Included in the contract is Trendway’s complete line of furniture-related products such as panel systems, desks, tables, seating, architectural products and accessories.

Read full article here: (Woodworking Network)

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PHILIPP DICKE IS THE NEW COUNTRY MANAGER AT FLOKK

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Thursday, 06 May, 2021

Since the beginning of April, Philipp Dicke has been the new Country Manager Germany & Austria at office chair specialist Flokk.

He takes over the baton from René Sitter, who focuses on his duties as Senior Vice President Central Western Europe and the Flokk Group Executive Board.

“I am very pleased that Philipp Dicke has recruited someone from our own ranks who, with his broad industry and sales experience as well as his strategic expertise, will continue to drive Flokk’s growth in Germany and Austria,” says René Sitter.

Read full article here: (Office Base)

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Buyer eyes former Haworth plant

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Friday, 07 May, 2021

HIGH POINT — A shuttered furniture factory could see new life thanks to a prospective buyer.

Terry Seitz, owner of Woodbrook Designs, a case goods importer that has a warehouse in High Point, said he has a contract in place to purchase the Haworth seating property at 1673 W. English Road.

Read full article here: (The Highpoint Enterprise)

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Kimball International, Inc. Reports Third Quarter 2021 Results

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Tuesday, 04 May, 2021

JASPER, Ind., May 04, 2021 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) today announced results for the quarter ended March 31, 2021.

Selected Financial Highlights:

Third Quarter FY 2021

  • Net sales of $138.7 million
  • Gross margin was 28.7%
  • Net loss of $4.5 million; Adjusted net loss was $1.0 million
  • Diluted EPS of $(0.12); Adjusted diluted EPS was $(0.03)
  • Adjusted EBITDA of $1.9 million
  • Backlog of $129.6 million
Read full article here: (Globe Newswire)

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SOS Office Furniture will open in Vadnais Heights this June

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Tuesday, 04 May, 2021

COVID-19 drastically changed the typical office environment. Businesses such as SOS Office Furniture, which will move to Vadnais Heights this June, had to quickly figure out how to serve the new needs of a work-at-home culture.

Large orders from office workplaces shifted to smaller orders for home offices. Task chairs and standing desks became increasingly popular for smaller home workspaces. SOS Office Furniture also supplied safety equipment, such as transparent partitions, for in-person business.

Read full article here: (Press Publications)

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