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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 […]
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.
Garstang-based Coggin Sustainable Office Solutions is a family business which diverts office furniture away from landfill by either repairing damaged items to resell them or by recycling materials such as wood, metal, plastic, and foam from unsalvageable items. In their own small way, they are contributing to the good fight.
A look at the shareholders of HNI Corporation (NYSE:HNI) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 77% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). […]
Herman Miller, a member of MillerKnoll’s collective of brands, was named a Frontrunner and Disclosure Leader in the Chemical Footprint Project (CFP), by Clean Production Action in December 2022 for its work in 2021. The CFP is the first-of-its-kind initiative to measure chemical footprints and assess business progress away from hazardous chemicals to safer solutions. […]
HOLLAND LANDING, Ontario – Canadian office furniture manufacturer Inscape has succeeded in its bid to be taken over by HUK 121, a subsidiary of British private investment firm Hilco Capital. Inscape is now a subsidiary of HUK. On Dec. 23, 12.6 million common shares – roughly 88% of the company’s outstanding common shares – were deposited to HUK. […]
DUBUQUE, Iowa — Flexsteel Inds. is ready for 2023’s challenges with a broad spectrum of new introductions and a focus on logistics and product delivery for retail customers. Furniture Today spoke with David Crimmins, Flexsteel’s vice president, sales, about the company’s plans for 2023 and what these will translate to for retailers.
JASPER, Ind. – Kimball International Inc. (Nasdaq: KBAL) this week announced its corporate headquarters in Jasper has earned the WELL Certified Platinum designation. The WELL certification is given to buildings and organizations that seek to enhance human health and well-being.
MillerKnoll Inc. and Steelcase Inc. both expect flat to lower sales for the present quarter going into 2023 amid softer order rates. The Zeeland-based MillerKnoll (Nasdaq: MLKN) expects organic sales for the second quarter of the 2023 fiscal year to decrease 0.7 percent to 2.9 percent from the same period a year ago, to $980 million to $1.02 […]
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