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FurnitureToday Contract and office furniture giant Steelcase reported first quarter revenue of $740.7 million, a loss of $11.4 million over last quarter. Nevertheless, the performance was better than expected and well above last year’s first quarter revenue of $556 million. “We’re pleased with our revenue growth of 33 percent (over last year), which was better than expected […]
Quoted from Worktech Academy: The big office suppliers announced they were back in business and our man at the Mart, furniture industry veteran John Sacks of JSA, reports a number of interesting trends. These include more residential-style ranges with soft sofas, perhaps a nod to two years of home working; a rise in sit-stand workstations […]
Strong growth in revenue and orders included broad-based strength in Americas and EMEA segments Significant inflation continued to impact results, driving additional pricing actions Acquisition of Halcon supports growth strategies with uncompromising design and master craftsmanship Second quarter outlook anticipates seasonal revenue improvement with increased inflationary pressures and continued supply chain challenges GRAND RAPIDS, Mich, […]
RICHMOND HILL, ON, June 8, 2022 /CNW/ – Staples Canada ULC, The Working and Learning Company, through its business-to-business division Staples Professional Inc. announces the acquisition of two Canadian office supplies dealers, Denis Office Supplies and Furniture and Supreme Basics. Founded in 1972, Denis Office Supplies and Furniture services business customers throughout Quebec and Atlantic Canada through its network of stores/showrooms […]
Steelcase (NYSE: SCS) today announced a new relationship with the Frank Lloyd Wright Foundation, through which they will revisit, reinterpret and reintroduce Wright’s designs, as well as co-create novel concepts rooted in his principles to provide products that enhance how we live and work today.
GRAND RAPIDS, Mich., May 26, 2022 (GLOBE NEWSWIRE) — Steelcase (NYSE: SCS) is pleased to announce it has been included on the Forbes list of Best Employers for New Graduates, ranking 43rd out of 300 organizations recognized. This marks the first time Steelcase has been included on the Forbes list. The Best Employers for New […]
GRAND RAPIDS, Mich. – Office furniture giant Steelcase has acquired Halcon, a Minnesota-based designer and manufacturer of tailored wood furniture for the workplace, for $127.5 million. Steelcase says acquisition will complement its current portfolio of wood products.
Steelcase Inc. announced today it has signed a definitive agreement to acquire HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. This acquisition will complement the current portfolio of Steelcase wood products, offering uncompromising design and master craftsmanship to A+D professionals and customers. Established in 1977, HALCON is a leader in […]
(GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $753.1 million and a net loss of $2.2 million, or $0.02 per share. In the prior year, Steelcase reported revenue of $677.1 million and net income of $6.6 million, or $0.06 per share.
Flokk, one of the leading European manufacturers of office seating and office furniture products, has acquired UK-based office furniture manufacturer Connection, expanding its footprint in the strategically important UK market and underpinning its international growth strategy. “Having Connection join the Flokk group moves us into the major league of Europe’s second-largest office seating market. We roughly […]
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