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Steelcase (NYSE:SCS) disclosed: On May 3, 2023, in response to persisting inflationary pressures and decreasing plant utilization in Europe, the Middle East and Africa (“EMEA”), the Board of Directors of Steelcase Inc . (the “Company”) approved plans for workforce reductions in France. These plans involve the reduction of approximately 40 to 50 salaried roles. The Company expects […]
Item 2.05. Costs Associated with Exit or Disposal Activities. On May 3, 2023, in response to persisting inflationary pressures and decreasing plant utilization in Europe, the Middle East and Africa (“EMEA”), the Board of Directors of Steelcase Inc. (the “Company”) approved plans for workforce reductions in France. These plans involve the reduction of approximately 40 to 50 salaried roles. The Company expects to incur […]
A clearer picture of the financial state of the recently bankrupt Office Interiors of Virginia is coming into focus. New filings in the Henrico-based company’s Chapter 11 bankruptcy reorganization proceedings, which began April 16, show the 35-year-old office furnishings firm has assets of $1.8 million and $3.84 million in liabilities, $2 million of which is […]
MONROE, Mich., May 02, 2023 (GLOBE NEWSWIRE) — Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.1815 per share. The dividend is payable June 15, 2023 to shareholders of record as of June 2, 2023.
PTI Office Furniture is offering a range of new and used furniture for both residential and commercial purposes in New Jersey. The company boasts a showroom spread out over 25000 sq feet with a constantly updated and refreshed inventory to meet the demands of home offices and commercial establishments in New Jersey and surrounding areas. […]
DUBUQUE, Iowa — Flexsteel says it faced and continues to face “many consumer and macroeconomic headwinds” that led to a decrease in third quarter fiscal year 2023 financial results ended March 31, 2023. Flexsteel ranked #28 in the FDMC 300 list of top woodworking companies in North American with $544.3 million in sales. Net sales for the quarter […]
MONROE, Mich., May 02, 2023 (GLOBE NEWSWIRE) — Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.1815 per share. The dividend is payable June 15, 2023 to shareholders of record as of June 2, 2023.
DUBUQUE, Iowa – Flexsteel Inds. reported third quarter fiscal year 2023 financial results that showed net sales decreased 29.5% to $99.1 million compared with $140.4 million in the prior year quarter, in line with guidance provided previously. “Despite the market challenges, we delivered net sales for the third quarter of $99.1 million, representing sequential quarter-over-quarter growth […]
DUBUQUE, Iowa–(BUSINESS WIRE)–Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today reported third quarter fiscal year 2023 financial results.
To kick-off Design Within Reach’s summer season, your source for modern living has introduced The Journal, an evolved catalog which just landed in homes. The Journal is a place where DWR will delve deeper into modern design, art, culture, and creators. “It’s a place to connect with the diverse community of design lovers who are […]
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