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Fragile and inefficient supply chains took center stage throughout the COVID-19 pandemic and have furniture OEMs reevaluating the ways to approach this key component of their operations.
JASPER — Indiana Furniture Industries will invest more than $17 million to add a new facility on Jasper’s south side and will close its location on Mill Street. The Jasper Common Council approved Wednesday a nine-year tax abatement that will phase out in the final four years to help fund the project. The company announced earlier this […]
Steelcase (SCS), one of the largest furniture and workspace appliances manufacturers in the United States, has seen some difficult times due to the COVID-19 pandemic. Since millions of office workers have been working from home since early 2020, they haven’t been spending as much in office upgrades and overall workspace improvements as they typically do […]
Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers and online marketers of furniture products in the United States, today announced that Jerry Dittmer, President and Chief Executive Officer, and Derek Schmidt, Chief Financial Officer and Chief Operating Officer, will present at the Sidoti & Company LLC Microcap Virtual Investor […]
HOLLAND, Mich. – Trendway has entered into a new, three-year partnership with Kinetic GPO, a cooperative purchasing organization established for the broader public sector, nonprofit and municipalities, academics, school boards and health and social services (MASH) entities across Canada. The contract officially took effect on Feb. 1 and will remain active through Jan. 31, 2024, with […]
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 […]
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.
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 […]
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 […]
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