Herman Miller leaving Mart for Fulton Market

After 80 years at the riverfront giant, the furniture company is moving its showroom to a new development in the trendy corridor.

furniture company and longtime tenant in the Mart is leaving the building after eight decades for a new home in the Fulton Market District, following the lead of another prominent furniture maker that recently made the same move.

Herman Miller, which opened its first Mart showroom in 1939, leased an entire mixed-use development planned at 1100 W. Fulton Market, where it will move late next year, the company confirmed.

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Sedus Stoll annual sales surpassing € 200 million for the first time

With an annual surplus of €9.8 million, 2018 – just like 2017 – proved to be another successful year for the Sedus Stoll Group. Revenue climbed by 11.1% to €212.3 million (2017: €191.2 million), surpassing the €200 million milestone by a large margin for the first time in its history.

In parallel to a 2.2% overall increase in the total market volume for office furniture (according to the German Interior Business Association, IBA), the Sedus Stoll Group was able to increase its new orders (excluding trade items) by 5.3%, translating to another successive boost to the company’s market position.

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Martela Corporation starts eur 4 million cost efficiency program

Martela continues the cost efficiency improvements started in 2018 in order to improve its profitability. Target for the cost efficiency program is to reach EUR 4 million annual savings. Purpose of the planned actions is to align company’s cost base to meet current market conditions and to secure set profitability targets. In addition to decrease fixed costs, company is also investigating other alternatives to change cost base to be more flexible. Planned savings will start to materialize gradually from the beginning of 2020 and will have full impact by the first quarter of 2021.

Read full article here: (YAHOO! FINANCE) 

Sale of Lista Office Group to Henglin

Lista Office Group (LO) with production facilities in Degersheim (SG) and Arnegg (SG,) and sales
offices and logistics hubs in various locations throughout Switzerland, was recently sold to the
Chinese furniture manufacturer Henglin. The sale forms part of the eastern Swiss group’s targeted strategy for internationalisation and growth.

Read full article here: (LISTA-OFFICE)


Analysts Anticipate HNI Corp (HNI) Will Post Quarterly Sales of $552.15 Million

Analysts predict that HNI Corp (NYSE:HNI) will report $552.15 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for HNI’s earnings, with the lowest sales estimate coming in at $551.00 million and the highest estimate coming in at $553.30 million. HNI reported sales of $543.61 million during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The firm is expected to announce its next earnings results on Monday, July 22nd.

Read full article here: (MAYFIELD RECORDER)


Steelcase says bogus job listings were posted

GRAND RAPIDS, Mich. (WOOD) — A West Michigan-based furniture company says scammers had impersonated them and posted deceptive job postings on multiple websites.

Steelcase said on Twitter that in some cases, fraudulent job opportunities were offered to obtain money and personal information from people interested in becoming an employee.

Read full article here: (WOODTV.COM)


Nowyl Styl Acquires Majencia

The French Commercial Court delivered its judgement and accepted the offer from Nowy Styl Group for the takeover of Majencia SA. Majencia said “We are pleased with this decision which will allow Majencia to integrate a strong group, a European leader, which has much to offer us to regain a position of leader in France. A new adventure begins!”

Read full article here: Nowyl Styl Acquires Majencia (PDF)

Steelcase survey: Employees want alternative and less formal spaces!

It’s time to change the workplace environment. According to the Steelcase Ancillary Research—51% of employees need an escape from working in the same place during their day . Informal work spaces play an important role in motivating employees, improving well-being and relieving the monotony of the workplace. However, statistics show that 42% of employees around the world are unsatisfied with their informal workspace offerings, with most organisations only providing the technology and permission to work in informal spaces, without offering spaces that support physical, cognitive, and emotional well-being.

Read full article here: (DESIGN MIDDLE EAST)


HNI Corp report 1st quarter sales down 5.1%

Image Source: (HNI Corporation Website)

HNI Monday announced sales for the first quarter ended March 30, 2019 of $479.5 million and net income of $1.0 million. GAAP net income per diluted share was $0.02 compared to $0.06 in the prior year.

Non-GAAP net income per diluted share was $0.02 compared to $0.10 in the prior year. “Our first quarter results were as expected. As anticipated, demand conditions generally improved throughout the quarter after a slow start. We were able to offset much of the impact from lower volume with cost savings and productivity. We are pleased with the progress on our initiatives and continue to believe our demand and profit results will improve throughout the year,” said Jeff Lorenger, HNI Corporation President and Chief Executive Officer.

Read full article here: (OFFICE REPUBLIC)


Microsoft Surface Hub 2S and Steelcase® Roam™ Free Teams to Collaborate Anywhere

NEW YORK, April 17, 2019 (GLOBE NEWSWIRE) — Today Microsoft and Steelcase introduced a new way to give teams an unprecedented level of control over how they collaborate. Microsoft launched its next generation all-in-one collaboration device built for teamwork: Surface Hub 2S. And Steelcase introduced Steelcase® Roam™, a mobile stand and easy-to-hang wall mounting system designed for the Surface Hub 2S that allow teams to collaborate almost anywhere. These solutions meet the increasing demand for rapid innovation and problem solving by helping people access the right spaces and tools needed to create new ideas.

Read full article here: (GLOBE NEWSWIRE)