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GRAND RAPIDS, Mich. – Office furniture giant Steelcase reported third quarter revenue of $826.9 million, a 19% gain over the same period last year. Inflation remains a chief concern, however. “Our gross margin improvement in the Americas this quarter reflected the benefits from the pricing actions we’ve been implementing in the face of extraordinary inflation levels,” said […]
Ikea’s profits have fallen by almost a fifth in the UK despite a 12% increase in sales amid the impact of soaring costs, as the company said it could not rule out further price increases in the new year. The world’s largest furniture retailer said sales had benefited as shoppers returned to stores in the […]
HNI’s revenue should be impacted in the near to medium-term due to the slowdown in the housing and R&R industry, as well as softness in the corporate profits.
The troubled social media company is auctioning off some corporate assets, and the bidding starts at just $25. Twitter has been in the news an awful lot since Elon Musk’s takeover of the company this fall. From mass firings and an increase in hate speech on the platform to an advertiser exodus and policies that change seemingly on a whim, Twitter can’t […]
You won’t confuse iRCustom with any other furniture maker. Its 4,000-sq.-ft. shop may be smaller than some showrooms at IKEA, the world’s largest furniture retailer with three stores within an hour’s drive of the Lake Zurich, Ill., business. But that’s OK. “We’re not looking to be IKEA,” said co-owner Rob DiVito. With their large, asymmetrical, colorful designs […]
Fujitsu today announced that it donated office furniture that is no longer being used including desks, chairs and cabinets to Cambodian public institutions through the Cambodian Embassy in Japan.
BOISE, Idaho — Modern and contemporary furniture retailer Scandinavian Designs opened its first East Coast showroom earlier this month in Waldorf, Md. The Boise, Idaho-based retailer has 44 showrooms across 14 states. Prior to opening in Maryland, its easternmost store was in Indianapolis.
Connection, the latest brand to join European office furniture giant Flokk group have opened a bespoke designed and built manufacturing facility, housing warehouses and offices in Mirfield, Yorkshire. Attending the opening were Lars Røiri, CEO of Flokk and René Sitter, Senior Vice President, Central Europe, as well as key stakeholders to celebrate with the Connection team. The […]
Ethosource Office Furniture, based in Morgantown along with offices in Reading and King of Prussia PA, announces the promotion of several executive level staff members as the company celebrates their highest grossing year in sales to date. In a year that was challenging for many businesses, Ethosource experienced nearly 40% growth due to their ability to navigate the challenges of […]
La-Z-Boy is celebrating its 50th year in Dayton this year and held a celebration on Wednesday, honoring the company’s employees and marking a milestone for the worldwide furniture manufacturer.
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