Promotion: workplace furniture brand Allsteel’s latest showroom in Chicago is designed to showcase its latest products and share new workplace concepts through architectural features and experiences.
LOS ANGELES – Office furniture giant Steelcase has announced it’s the official seating partner of Luminosity Gaming, one of the largest gaming and esports teams in the world.
Luminosity and Steelcase will collaborate on content featuring the team’s content creators, players and coaches, giving fans a behind-the-scenes look at how Steelcase chairs can enhance their gameplay. Throughout the year, fans of Luminosity can see players sitting in Steelcase chairs, community giveaways, sponsored livestreams and social media takeovers with Luminosity players.
Brown Advisory Inc. increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 901,850 shares of the company’s stock after acquiring an additional 66,130 shares during the period. Brown Advisory Inc. owned approximately 1.19% of MillerKnoll worth $18,443,000 at the end of the most recent quarter.
La-Z-Boy launched a new marketing platform, “Long Live The Lazy,” to reclaim the term “lazy,” according to a press release. A national ad campaign will begin airing this week across broadcast, digital, streaming, social media and mobile gaming.
Fintel reports that on August 9, 2023, Benchmark maintained coverage of HNI (NYSE:HNI) with a Buy recommendation.
Analyst Price Forecast Suggests 22.72% Upside
As of August 2, 2023, the average one-year price target for HNI is 35.70. The forecasts range from a low of 34.34 to a high of $37.80. The average price target represents an increase of 22.72% from its latest reported closing price of 29.09.
In a recent disclosure with the Securities and Exchange Commission (SEC), Prime Capital Investment Advisors LLC announced the acquisition of a new stake in Steelcase Inc. (NYSE:SCS) during the first quarter of this year. The firm obtained 15,525 shares of the business services provider’s stock, translating to an estimated value of $131,000.
HOLLAND, Mich. — Haworth, a family-owned furniture company, announced that it is coordinating with the Outdoor Discovery Center Conservation Services on a multi-phased project. The project consists of converting overgrown turfgrass and lawns on the Hawthorn campus into native prairie species.
MUSCATINE, Iowa–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced sales for the second quarter ended July 1, 2023 of $563.5 million and a net loss of $12.8 million. GAAP earnings per diluted share declined from $0.72 in the prior year to ($0.30) in the current year primarily due to transaction expenses related to the acquisition of Kimball International. When excluding acquisition expenses and select other items, non-GAAP net income per diluted share was $0.55, compared to $0.52 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.
MONROE, Mich., Aug. 08, 2023 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB) will report its first quarter fiscal 2024 results for the period ended July 29, 2023 after the close of trading on the New York Stock Exchange on Tuesday, August 22, 2023, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, August 23, 2023.
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