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COVID-19 drastically changed the typical office environment. Businesses such as SOS Office Furniture, which will move to Vadnais Heights this June, had to quickly figure out how to serve the new needs of a work-at-home culture. Large orders from office workplaces shifted to smaller orders for home offices. Task chairs and standing desks became increasingly […]
Furniture giant Flexsteel, number 28 on the FDMC 300, reported strong sales increases for the quarter ending March 31, 2021. Net sales increased nearly 20 percent to $118.4 million compared to $98.8 million over the same period last year. Organic net sales, excluding its discontinued vehicle seating and hospitality lines, increased 32.9 percent. Gross margin increased […]
MUSCATINE — Muscatine is going big to celebrate National Arbor Day Friday. With the help of HNI Corporation and Muscatine Branching Out, the Muscatine Parks and Recreation Department will host tree plantings Thursday and Friday.
TUPELO, Miss. – Contract furniture manufacturer KI, number 19 on the FDMC 300, will shut down its manufacturing plant in Tupelo, Mississippi – laying off 18 employees. In a notice to employees, the company said the reason for the closure is the plant’s lack of overall production volume. The facility will close in September or […]
President & CEO of Hni Corp (30-Year Financial, Insider Trades) Jeffrey D Lorenger (insider trades) sold 51,929 shares of HNI on 04/21/2021 at an average price of $41.14 a share. The total sale was $2.1 million.
A space in the Millwork District’s Schmid Innovation Center now houses a place for designers to collaborate on furniture designs. Designers with Flexsteel Industries began working last week in the company’s new Innovation Center, 900 Jackson St., less than a mile from the company’s headquarters in the Port of Dubuque. The design team uses the […]
La-Z-Boy (LZB -0.5%) finalized a 10-year resource-backed virtual power purchase agreement extending through the end of 2030, with AEP Energy Partners, energy subsidiary of American Electric Power. The company’s VPPA will support ~70K MWh of renewable energy annually, from AEP’s principally owned Santa Rita East wind energy center in Irion County, Texas, throughout the agreement term. La-Z-Boy will receive renewable energy certificates […]
Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Herman Miller, Inc. (NASDAQ: MLHR) and Knoll, Inc. is fair to Herman Miller shareholders. Under the terms of the merger, Knoll shareholders are expected to receive a combination of cash and Herman Miller stock. Upon completion of the transaction, Herman […]
Sara Armbruster to Become President and Chief Executive Officer, Effective October 4, 2021 GRAND RAPIDS, Michigan; April 19, 2021 – Steelcase Inc. (NYSE: SCS) President and CEO Jim Keane, announces he will be retiring on January 7, 2022, after 25 years with the company, including more than seven years as CEO. Keane will remain President […]
Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) today announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 billion. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to […]
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