Legends Furniture makes another key hire

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3 January, 2023

TOLLESON, Ariz. – Legends Furniture has hired Mariano Tellarini as the company’s new chief operating officer and chief financial officer.

Tellarini has more than 20 years of experience in finance and operations management, previously coming from Oxyfresh Worldwide as its president and chief operating officer. There, Legends says he successfully transformed the company’s business model, stabilized operations and turned the company around financially.

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Steelcase Inc. [SCS] Stock trading around $7.07 per share: What’s Next?

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2 January, 2023

Steelcase Inc. [NYSE: SCS] closed the trading session at $7.07 on 12/30/22. The day’s price range saw the stock hit a low of $6.97, while the highest price level was $7.11. The company report on December 19, 2022 that Steelcase Reports Third Quarter Fiscal 2023 Results.

Revenue and earnings growth driven by strong beginning backlog and year-over-year pricing benefits.

Gross margin improved 120 basis points compared to prior year driven by a 280 basis point improvement in the Americas.

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McAleer’s Office Furniture in Mobile and Foley can outfit an office fast

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2 January, 2023

Melissa McAleer Cross is president and owner of McAleer’s Office Furniture in Mobile, Pensacola and soon to be in Foley.

Raised in Mobile, Cross is the fourth of seven children of Jim and Camilla McAleer. She says she didn’t set out to take the helm of the business her parents began in 1979.

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MillerKnoll, Inc. (NASDAQ:MLKN) Short Interest Up 21.2% in December

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1 January, 2023

MillerKnoll, Inc. (NASDAQ:MLKN) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 4,340,000 shares, an increase of 21.2% from the November 30th total of 3,580,000 shares. Approximately 5.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is currently 3.5 days.

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Flexsteel Announces Promotions of Key Executives

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1 January, 2023

As part of a larger effort to position its operations for future growth, Flexsteel Industries, the nearly 130-year-old residential furniture manufacturer recently announced significant organizational changes implemented to help the company and its employees remain agile and responsive to ever changing market conditions.

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