Kokuyo Co., Ltd. (TSE:7984) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.60% for ¥5,000 million. The purpose of the program is to improve shareholder return.
ZEELAND, Mich. — In its fourth quarter/fiscal year earnings report, MillerKnoll cited a number of economic factors as posing difficulties, “particularly for the luxury housing market and discretionary spending on goods,” such as higher interest rates, regional banking crisis and lower consumer confidence.
Net sales for the three months ended June 3 were down 13.1% from the year-ago period, to $956.7 million, faring better for the fiscal year at a 3.6% increase to $4.09 billion.
Gross margin in the quarter was 37.1%, up 230 basis points from the same time last year and mainly driven by the realization of price optimization strategies and benefits from integration synergies.
The organization is delivering the same renowned task chairs that help people work better, but now with tangible impacts to mitigate climate change.
Grand Rapids, MI, July 26, 2023 – Global design and thought leader in the world of work, Steelcase, now offers CarbonNeutral® product certification options on a full range of high-performance seating, helping customers reach their sustainability goals by supporting efforts to mitigate climate change.
UAE: Herman Miller announces the launch of the Luva Modular Sofa Group and Cyclade Tables—two artful designs created in partnership with Portugal based Singaporean designer Gabriel Tan. Constantly exploring new ways to work across disciplines and reinterpret traditional craft and technology, Tan pays homage to a myriad of cultural intersections to these incredibly comfortable—and functional—designs.
Bold, creative decisions and the workplace don’t often go hand in hand, but office furniture brand Haworth has launched DesignLab, a collective of talented designers and artists focused on looking beyond the industry for new ideas and experiences in the office space. Bradley Bowers, Chrissy Fehan, Eny Lee Parker, Maximiliano Rosiles, and Brian Wooden have created future-focused concepts, curated and mentored by Patricia Urquiola and her studio, that include their individual experiences in digital, graphic, art, sculpture, and product designs. The projects were developed throughout the early months of 2023 before launching at the brand’s Chicago showroom during NeoCon.
New Delhi, 13th July, 2023: Haworth, a 2.5 billion US dollar company, a global leader in premium office furniture and workplace solutions, today announced that it has strengthened its position in the Indian market with 20-25% of the market share in 2022-23. The premium office furniture market in India stood as $300 Million. India has emerged as a key growth market for Haworth, and the company remains committed to providing quality solutions that meet the evolving workplace requirements like design, well-being, flexibility, technology, and sustainability becomes a focal point for any organization and of its customers.
ZEELAND, Mich. — In its fourth quarter/fiscal year earnings report, MillerKnoll cited a number of economic factors as posing difficulties, “particularly for the luxury housing market and discretionary spending on goods,” such as higher interest rates, regional banking crisis and lower consumer confidence.
ZEELAND, Mich. — Knoll is joining other members of Top 100 MillerKnoll’s family of brands at 251 Park Avenue South in the spring of 2024.
Knoll will debut its new retail showroom with additional Knoll contract showroom space showcasing its products and modern design for home and office. Already situated in the building are the flagship Herman Miller retail showroom on the first floor, Herman Miller contract showroom, Geiger showroom and Maharam sales office and studio. Knoll’s current studio and showroom at 1330 6th Avenue will close concurrently with the opening of the new space.
In a surprising turn of events, research analysts at StockNews.com have chosen to downgrade their rating on HNI Corporation (NYSE:HNI) from a “buy” to a “hold.” The news, which was issued to investors on Sunday, has left many wondering about the implications for the future of this well-known furniture manufacturer.
In a recent report released on July 9, 2023, equities researchers at StockNews.com have taken a deep dive into Flexsteel Industries (NASDAQ:FLXS) and initiated coverage on the company’s shares. The researchers have assigned a coveted “strong-buy” rating to the stock, reflecting their bullish stance on its future prospects.
Flexsteel Industries, a leading manufacturer of upholstered and wooden furniture, last announced its earnings results on May 1st of this year. The company surpassed analysts’ expectations by reporting earnings per share (EPS) of $0.28 for the quarter, exceeding the consensus estimate of $0.22 by an impressive margin of $0.06. Furthermore, Flexsteel Industries generated revenue of $99.05 million during the same period, outperforming analysts’ projections of $97.72 million.
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