Entries by jsa

Steelcase Launches Better Futures Community

Steelcase (NYSE: SCS) Today Steelcase is announcing the launch of its Better Futures Community, the company’s social innovation program designed to explore new approaches to reducing inequalities, accessing quality education and protecting the planet. The Steelcase Better Futures Community explores, invests and accelerates bold new ideas and practices in collaboration with organizations throughout the world. […]

BUSINESS NEWS: The economy: looking ahead

In these turbulent times, conflicting information really doesn’t help when you need to be sure of moving your business forward. War, shortages and talk of inflation and recession create confusion. What should we believe? What should we dismiss as sensationalism? All too often, individual factors are taken out of context and when given perspective through […]

Steelcase to reduce spending and lay off 180 salaried positions

GRAND RAPIDS, Mich. – A decline in incoming orders and lower than expected return-to-offìce trends in the Americas, has led Steelcase Inc. to implement a further reduction of planned spending including a reduction of approximately $20 million of annualized spending and the elimination of up to 180 salaried positions across America’s core business and corporate functions. […]

West Elm and Office Furniture Startup Branch Announce New Retail Partnership

BROOKLYN, N.Y.–(BUSINESS WIRE)–Global design company, West Elm, a portfolio brand of Williams-Sonoma, Inc. (NYSE: WSM), the world’s largest digital-first, design-led and sustainable home retailer, announced today, a new partnership with premium office furniture startup, Branch. The partnership, which is Branch’s first with a major retailer, will provide both commercial and residential West Elm customers access […]

Steelcase Named a Best Employer for Women by Forbes

(GLOBE NEWSWIRE) — Steelcase (NYSE: SCS) is pleased to announce it has been included on the 2022 Forbes List for Best Employers for Women, ranking 13 out of 400 organizations recognized. The Best Employers for Women have been identified in an independent survey of 50,000 U.S. employees working for companies employing at least 1,000 people […]

Herman Miller has partnered with G2 Esports

(Pocket-lint) – Herman Miller has announced a partnership with G2 Esports to not only supply the teams with equipment but also work on more gamer-first designs. The luxury high-end furniture company has entered into an exclusive partnership with one of the most well-known esports brands around. Herman Miller has said it will be G2‘s official […]

HNI Corporation Announces Sale of Lamex Office Furniture Business

MUSCATINE, Iowa–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced it has completed the sale of its China– and Hong Kong–based Lamex office furniture business. The business was acquired by Kokuyo Co., Ltd. for 75 million US dollars, subject to standard post-closing adjustments. Kokuyo is a leading manufacturer and provider of office furniture in Japan and across Asia.

MillerKnoll, Inc. Reports Fourth Quarter Fiscal 2022 Results

Strong sales growth of 77% over the prior year, up 23% organically Sequential operating margin improvement of 230 basis points Continued progress with the integration of Knoll 66 million of run-rate cost synergies captured to date Company remains confident in ability to deliver $120 million of run-rate cost synergies within three years of closing Formal launch of […]