DUBUQUE, Iowa–(BUSINESS WIRE)–Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers and marketers of residential furniture products in the United States, announced today that it will issue its fourth quarter 2023 financial results after market close on Monday, August 21, 2023.
Jump Financial LLC Boosts its Position in MillerKnoll, Inc. (NASDAQ:MLKN)
In a surprising turn of events, Jump Financial LLC revealed that it has increased its stake in MillerKnoll, Inc. by 17.2% during the first quarter of this year. This information was disclosed in the company’s recently filed Form 13F with the Securities and Exchange Commission (SEC). According to the filing, Jump Financial LLC now owns an impressive 68,295 shares of MillerKnoll’s stock, after acquiring an additional 10,025 shares during the aforementioned period. With this increase in ownership, Jump Financial LLC now possesses approximately 0.09% of MillerKnoll’s total worth which equates to a staggering $1,397,000.
On July 31, 2023, Victory Capital Management Inc. revealed in its latest Form 13F filing with the Securities and Exchange Commission (SEC) that it had increased its holdings in HNI Co. (NYSE:HNI) by a staggering 27.7% during the first quarter. This marked a significant boost for Victory Capital as it acquired an additional 100,407 shares of the business services provider’s stock, bringing its total ownership to 463,040 shares. The value of these shares amounted to an impressive $12,891,000 according to the most recent SEC filing.
Kokuyo Co., Ltd. (TSE:7984) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.60% for ¥5,000 million. The purpose of the program is to improve shareholder return.
ZEELAND, Mich. — In its fourth quarter/fiscal year earnings report, MillerKnoll cited a number of economic factors as posing difficulties, “particularly for the luxury housing market and discretionary spending on goods,” such as higher interest rates, regional banking crisis and lower consumer confidence.
Net sales for the three months ended June 3 were down 13.1% from the year-ago period, to $956.7 million, faring better for the fiscal year at a 3.6% increase to $4.09 billion.
Gross margin in the quarter was 37.1%, up 230 basis points from the same time last year and mainly driven by the realization of price optimization strategies and benefits from integration synergies.
The organization is delivering the same renowned task chairs that help people work better, but now with tangible impacts to mitigate climate change.
Grand Rapids, MI, July 26, 2023 – Global design and thought leader in the world of work, Steelcase, now offers CarbonNeutral® product certification options on a full range of high-performance seating, helping customers reach their sustainability goals by supporting efforts to mitigate climate change.
UAE: Herman Miller announces the launch of the Luva Modular Sofa Group and Cyclade Tables—two artful designs created in partnership with Portugal based Singaporean designer Gabriel Tan. Constantly exploring new ways to work across disciplines and reinterpret traditional craft and technology, Tan pays homage to a myriad of cultural intersections to these incredibly comfortable—and functional—designs.
Bold, creative decisions and the workplace don’t often go hand in hand, but office furniture brand Haworth has launched DesignLab, a collective of talented designers and artists focused on looking beyond the industry for new ideas and experiences in the office space. Bradley Bowers, Chrissy Fehan, Eny Lee Parker, Maximiliano Rosiles, and Brian Wooden have created future-focused concepts, curated and mentored by Patricia Urquiola and her studio, that include their individual experiences in digital, graphic, art, sculpture, and product designs. The projects were developed throughout the early months of 2023 before launching at the brand’s Chicago showroom during NeoCon.
New Delhi, 13th July, 2023: Haworth, a 2.5 billion US dollar company, a global leader in premium office furniture and workplace solutions, today announced that it has strengthened its position in the Indian market with 20-25% of the market share in 2022-23. The premium office furniture market in India stood as $300 Million. India has emerged as a key growth market for Haworth, and the company remains committed to providing quality solutions that meet the evolving workplace requirements like design, well-being, flexibility, technology, and sustainability becomes a focal point for any organization and of its customers.
ZEELAND, Mich. — In its fourth quarter/fiscal year earnings report, MillerKnoll cited a number of economic factors as posing difficulties, “particularly for the luxury housing market and discretionary spending on goods,” such as higher interest rates, regional banking crisis and lower consumer confidence.
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