Entries by jsa

PHILIPP DICKE IS THE NEW COUNTRY MANAGER AT FLOKK

Since the beginning of April, Philipp Dicke has been the new Country Manager Germany & Austria at office chair specialist Flokk. He takes over the baton from René Sitter, who focuses on his duties as Senior Vice President Central Western Europe and the Flokk Group Executive Board. “I am very pleased that Philipp Dicke has […]

Buyer eyes former Haworth plant

HIGH POINT — A shuttered furniture factory could see new life thanks to a prospective buyer. Terry Seitz, owner of Woodbrook Designs, a case goods importer that has a warehouse in High Point, said he has a contract in place to purchase the Haworth seating property at 1673 W. English Road.

Kimball International, Inc. Reports Third Quarter 2021 Results

JASPER, Ind., May 04, 2021 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) today announced results for the quarter ended March 31, 2021. Selected Financial Highlights: Third Quarter FY 2021 Net sales of $138.7 million Gross margin was 28.7% Net loss of $4.5 million; Adjusted net loss was $1.0 million Diluted EPS of $(0.12); Adjusted diluted […]

SOS Office Furniture will open in Vadnais Heights this June

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 […]

Despite stronger sales, Flexsteel is impeded by foam, container shortage

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 […]

Flexsteel opens new Innovation Center to focus on furniture design, collaboration

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 inks long-term renewable energy deal with AEP Energy Partners

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 […]