Thanks to Kimball acquisition, HNI sees major sales gains in fourth quarter

/0 Comments/in , /by

Tuesday, 26 February 2024

MUSCATINE, Iowa – Office and contract furniture giant HNI reported $679.8 million in fourth quarter consolidated net sales, a gain of 19% from last year, largely thanks to its acquisition of Kimball last year. Not counting the acquisition, organic sales fell 6.4%.

Earnings per share rose 23% from last year, while operating margin expanded 410 basis points. Reasons for the improved margin were price-cost improvement, productivity gains and benefits from recent cost savings initiatives.

Read full article here: FURNITURE TODAY

Full Article

MillerKnoll plans to set up more showrooms in key Indian cities: Report

/0 Comments/in , /by

Sunday, 24 March 2024

US-based furniture major MillerKnoll has set up its first retail outlet in the city, the sixth such facility in the country, through its authorised dealer Buildcraft Interior, the company said.
MillerKnoll has drawn up plans to open additional showrooms in key cities across India, Managing Director for Asia Pacific, Middle East, and African regions, Kartik Shethia said.

Herman Miller digs into design history with modular sofa posters

/0 Comments/in , /by

Friday, 23 February 2024

ZEELAND, Mich. — Herman Miller is giving a nod to its history of modular furniture design with two posters from its back catalog of advertising prints.

The prints are each taken from a company catalog featuring 44 black-and-white posters created by Herman Miller’s graphic design team. Known as the “The Big Book,” the company’s salespeople used the large print posters to market the pieces to prospective showrooms and retailers.

Read full article here: FURNITURE TODAY

Full Article

HNI Corporation Reports Earnings for Fourth Quarter and Fiscal Year 2023

/0 Comments/in , /by

Thursday, 22 February 2024

MUSCATINE, Iowa, February 22, 2024–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced sales of $2.434 billion and net income of $49.2 million for the full year ended December 30, 2023. GAAP net income per diluted share was $1.09, compared to $2.94 in the prior year. Non-GAAP net income per diluted share was $2.65, compared to $2.20 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Read full article here: YAHOO!FINANCE

Full Article

Steelcase among the top 5% of firms in latest climate disclosure

/0 Comments/in , /by

Wednesday, 21 February 2024

GRAND RAPIDS, Mich. — Office and contract furniture giant Steelcase has received high marks for its sustainability efforts from the world’s leading environmental disclosure platform.

The organization earned a top score of A- from CDP, previously known as the Climate Disclosure Project, for its commitment to environmental strategy and action. Steelcase is the only firm in its industry to earn this top distinction, which only 5% of the some 23,000 companies surveyed in 2023 achieved.

Read full article here: FURNITURE TODAY

Full Article

Haworth continues growth streak amid office uncertainty: ‘Change is good for us’

/0 Comments/in , /by

Wednesday, 21 February 2024

Higher revenues in 2023 extended Haworth Inc.’s growth streak to four straight years following a steep industry decline in the first year of the COVID-19 pandemic. 

The Holland-based Haworth today reported $2.57 billion in sales for 2023, a 3% increase over 2022. The results for last year also raised Haworth to 16% sales growth since 2019, before the pandemic. 

Read full article here: CRAINS GRAND RAPIDS

Full Article

MillerKnoll Creates Diverse Community with #designyourfuture Initiative

/0 Comments/in , /by

Tuesday, 20 February 2024

In honor of Black History Month MillerKnoll is featuring people, initiatives, and programs that are working to support and uplift the Black community. Black History Month is celebrated in different months around the globe. MillerKnoll is excited to share the inspiring work teammates are doing year-round to support this community.

Read full article here: HOME FURNISHINGS BUSINESS

Full Article

 

January storms impact La-Z-Boy’s Q3 sales, but company sees signs of progress

/0 Comments/in , /by

Tuesday, 20 February 2024

MONROE, Mich. — While the company reported a 13% decrease in consolidated delivered sales for its third quarter ended Jan. 27, La-Z-Boy Inc. said sales were up 5% when compared with the company’s most recent pre-pandemic third quarter.

Read full article here: FURNITURE TODAY

Full Article

Modern furniture brand opens doors to new North Yorkshire HQ following renovation

/0 Comments/in , /by

Tuesday, 13 February 2024

Contract furniture brand NaughtOne has marked an ‘exciting start to 2024’ following its move into its new headquarters following 18 months of renovation.

Experts in furnishing offices of the future for their clients around the world, the tables were turned on this project as NaughtOne designed a space for their own team, bringing to life its vision of “how the modern workplace can be”. Previously based in Knaresborough, the team now occupies a first floor space at Harrogate’s Central House.

Read full article here: B DAILY

Full Article

New Flexsteel partnership enhances digital marketing for dealers

/0 Comments/in , /by

Friday, 16 February 2024

DUBUQUE, Iowa — Flexsteel is taking its local digital marketing to a new level through its partnership with Promoboxx, a dealer marketing support platform.

The Promoboxx platform allows dealers to promote Flexsteel-approved marketing content across various social media channels, through email, dealer websites and mobile ads. Promoboxx houses a comprehensive library of brand assets, tailored to enhance dealer engagement with customers and boost their online visibility.

Read full article here: FURNITURE TODAY

Full Article