Entries by jsa

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 […]

Though better than expected, Steelcase sales burdened by inflation

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 […]

Neocon Review

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 […]

Steelcase Reports First Quarter Fiscal 2023 Results

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, […]

Staples Canada’s transformation continues with acquisition of leading Canadian office supplies dealers Denis Office Supplies and Furniture and Supreme Basics

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 […]