Entries by jsa

Furniture sales still down at La-Z-Boy, but recovery is likely

Residential furniture giant La-Z-Boy reported third-quarter sales of $470.1 million, a 1.2 percent decline over the same period last year. The company’s net income for the quarter fell to $29.2 million from $34.5 million. The company’s wholesale segment decreased to $350.7 million from $364.8 million. Its retail segment sales were $165.9 million from $167.4 million.

Sir Philip Green’s office furniture up for sale as administrators flog Arcadia assets after collapse

Administrators have begun flogging Arcadia’s assets, including sewing machines and Sir Philip Green’s office furniture, following the collapse of his retail empire. Deloitte has appointed Hilco Global to sell the former Topshop owner’s London headquarters in a dramatic fall from high street royalty to the auction house.

Product diversification helped Haworth soften nearly 20 percent sales decline in 2020

HOLLAND — While furniture maker Haworth Inc. absorbed an expected hit to sales in 2020 because of the COVID-19 pandemic, the company cited its diversification as a way of easing the blow. The Holland-based privately held and family-owned company recently released figures for global sales in 2020. Haworthfinished the pandemic-consumed year with $1.81 billion in sales, which […]

Haworth sales down 19% amid coronavirus pandemic

HOLLAND, MI — Furniture manufacturer Haworth reported global sales of $1.81 billion in 2020, a 19% drop from the previous year. Despite the loss, the Holland-based company says its performance was “better than expected.” It credited efforts to diversify its product offerings. “Haworth responded to the events of 2020 by leveraging our differentiation and global […]

Soft North American contract furniture market drags Herman Miller sales lower

ZEELAND — Office furniture maker Herman Miller Inc. continues to feel the sting as office workers stay home because of the COVID-19 pandemic. In reporting its 2021 fiscal year results for its third quarter that ended Feb. 27, the company said it generated $590.5 million in sales for the three-month period, down 11.3 percent from the same […]

Herman Miller Reports Third Quarter Fiscal 2021 Results

In the news release, Herman Miller Reports Third Quarter Fiscal 2021 Results, issued 17-Mar-2021 by Herman Miller, Inc. over PR Newswire, PR Newswire inadvertently excluded the Contact details, which are now included for credentialed media. Herman Miller Reports Third Quarter Fiscal 2021 Results ZEELAND, Mich., March 17, 2021 /PRNewswire/ — Retail and International sales growth helps offset near-term demand […]