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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 […]
Over the remaining months of 2020, worldwide office furniture manufacturer Haworth Inc. will undergo a major transition within its financial leadership team. Chief Financial Officer John Mooney announced over the summer that he would be retiring at the end of the year. Haworth recently announced that it appointed Scott Poulton to succeed Mooney as CFO.
NEOSHO, Mo. — La-Z-Boy is hiring up to 125 workers for its plant in Neosho. The employer — one of the largest in the area, with 815 workers currently — announced the hiring plans following an uptick in sales. “Since furniture retailers reopened and our plants restarted operations, we are experiencing stronger-than-expected demand and have been […]
KI’s Central London HQ & showroom has been refreshed with the newest product displays and work settings, which for the first time can be viewed online via a virtual showroom tour. Whilst the space is open and receiving visitors, this new interactive, self-guided tour is particularly helpful in the current climate of restricted travel and […]
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