Teknion considering exporting from India to APAC & Europe soon

29 April, 2023

Canada-based workplace interior firm Teknion might consider exporting from India to APAC and Europe in near future as it plans to open its first manufacturing facility for office furniture in the country in 2024, Patrick Forget, managing director, APAC & EMEA, told ET.

The company has a large facility in Malaysia that supports the APAC region and now plans to start manufacturing in India.

Pacer Advisors Inc. Increases Holdings in La-Z-Boy by 28.8%: An Insight into the Company and its Market Performance

29 April, 2023

On April 29, 2023, it was reported that Pacer Advisors Inc., an institutional investor, has increased its holdings in La-Z-Boy Incorporated by a staggering 28.8% during the fourth quarter of the previous year. The company now owns 265,569 shares of La-Z-Boy’s stock after purchasing an additional 59,404 shares within the period. This move has made Pacer Advisors Inc. own 0.62% of La-Z-Boy worth $6,060,000 as of their most recent filing with the Securities and Exchange Commission.

How La-Z-Boy Stays Ahead of Changing Consumer Trends With Insights Ecosystem Investment

28 April, 2023

Ninety-five-year-old furniture brand La-Z-Boy has been in the midst of a major overhaul since 2021, when the company launched its Century Vision approach for strategic growth. Among the many goals is building a robust consumer insights ecosystem by 2027 that will allow the company to quickly adapt to changing shopping behavior and trends, remaining relevant and timely with consumers.

To do so, the company first needed to establish a consumer insights division, tapping two experts to lead the charge: Megan Battig, senior consumer insights manager, and Jorge Calvachi, director of consumer insights. They created a growth learning plan, identifying a strategy to learn who the consumer is, what they want, and how they shop.

IKEA announces $2.2 billion investment to reach more consumers in the U.S.

27 April, 2023

Most consumers know IKEA for their giant stores, cafeteria snacks, and furniture that can be difficult to put together.

Now, the Swedish company will invest $2.2 billion into generating more business in the United States – the biggest investment since it started operating in the U.S. nearly 40 years ago. The goal of the investment is to make it easier for shoppers in the U.S. to get deliveries from IKEA, open more stores across the country, and offer home decor and goods at a price point that’s friendly for more customers.

Flexsteel Industries (NASDAQ:FLXS) Now Covered by StockNews.com

27 April, 2023

StockNews.com began coverage on shares of Flexsteel Industries (NASDAQ:FLXS) in a report released on Thursday. The brokerage set a “buy” rating on the stock.

Comerica Bank Trims Stake in La-Z-Boy Incorporated (NYSE:LZB)

26 April, 2023

Comerica Bank cut its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,113 shares of the company’s stock after selling 7,670 shares during the period. Comerica Bank owned approximately 0.06% of La-Z-Boy worth $695,000 as of its most recent SEC filing.

Tony Brown remembered for Bisley success

26 April, 2023

TONY Brown, the chairman and owner of home office and workplace furniture manufacturer Bisley, has died at the age of 86.

Bisley’s website paid tribute to Mr Brown as “a remarkable person of great integrity, who built the hugely successful manufacturing businesses on a foundation of hard work and investment, coupled with enormous respect and care for the some 1,000 people he ultimately employed

Comerica Bank Reduces Stake in La-Z-Boy by 22.7%

26 April, 2023

Comerica Bank has announced a 22.7% reduction in its stake in shares of La-Z-Boy Incorporated (NYSE:LZB). The holding was cut to 26,113 shares from the initial purchase of 33,783. The move was made during the fourth quarter of the company, which ended on December 31st, 2020, and was detailed in its latest filing with the Securities & Exchange Commission (SEC). According to the same document, Comerica Bank owned approximately 0.06% of La-Z-Boy worth $695,000 as of its most recent SEC filing.

A week after MillerKnoll drama, a new study shows Americans want brands to ‘fess up

26 April, 2023

ZEELAND — In the wake of controversy at MillerKnoll, a new study shows Americans “want brands to fess up when they’ve messed up.”

The study comes from Attest, a consumer research platform based in London and New York. The total sample size included 2,000 working-age consumers in the U.S. The survey concluded February 15.


Brant Basics welcomes TCB customers to downtown Peterborough store

24 April, 2023

Brant Basics is growing! Brant is working with the owners of TCB Office Furniture and Supplies to look after their Peterborough clients.

Katrina Favron from TCB has joined the Brant team. TCB closed its Peterborough store in March after 12 years of doing business locally.