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VANCOUVER — Staff working for the City of Vancouver spent more than $300,000 on office furniture between January and May, a period that coincided with the start of the COVID-19 pandemic and dire warnings from Mayor Kennedy Stewart about the city’s finances. The $316,800 worth of furniture was purchased as part of a $2.6 million […]
Shares of Herman Miller <MLHR.O> soared 34% on Thursday after the office chair seller posted blowout quarterly results and joined an expanding list of companies reinstating their dividends as they become more confident about recovering from the coronavirus. Herman Miller late on Wednesday reported revenue and earnings far above analysts’ expectations, with sales from its […]
Herman Miller, the global design leader and recognized provider of furnishings and related technologies and services, announced it will expand its retail presence this fall with the unveiling of its first concept stores completely dedicated to high-performance task chairs and products that support the home office. Following a record-breaking summer with Herman Miller Retail—the retail […]
ZEELAND — With some lingering economic effects of the COVID-19 pandemic weighing it down, Zeeland-based office furniture giant Herman Miller (NASDAQ: MLHR) still offered a better-than-expected earnings report late Wednesday. The company saw a 6.6 percent drop in total revenue, totaling $626.8 million for the first quarter of fiscal year 2021 compared to $670.9 million at the […]
NEW YORK— The home and small office furniture segment is going through a metamorphosis of sorts, one that has been accelerated by the coronavirus pandemic in the U.S. but that has its roots in consumer lifestyle transitions and professional workstyle transformations that have been progressing for a generation. The excitement that has driven the home […]
NEW YORK— Amazon is investing in its own furniture brands, making them a point of advantage when it comes to the promotion of mass-market furniture, and home office has become a critical part of that, especially recently. Coresight Research pointed out that the company now identifies 111 own-brands that sell through its site. Of those, […]
MONROE, Mich. — La-Z-Boy Inc. has completed its previously announced asset acquisition of the Seattle business that operated six independently owned La-Z-Boy Furniture Galleries stores, with approximately $30 million in annual retail volume in calendar 2019, and one warehouse. Terms of the transaction, the result of the planned retirement of independent dealers, Chris and Lisa Washko, were not disclosed.
Canadians should brace for a shortage of office furniture, such as desks and chairs, as people continue to study and work from home this fall. Ikea Canada spokeswoman Kristin Newbigging says the company has seen an increase in demand for office furnishings and other gear needed for work-from-home setups. This comes as a looming second […]
The chief financial officer at Haworth is retiring after 15 years of leadership and will be replaced by a longtime colleague. The Holland-based furniture manufacturer said Wednesday that John Mooney is retiring in December and will be succeeded by Scott Poulton, a 21-year Haworth veteran.
It appears that the 96 year-old department store JCPenney is about to emerge from Chapter 11 bankruptcy. U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal that would buy the struggling retailer out of bankruptcy, according to a report by CNBC. The deal would save about 70,000 jobs, along […]
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