Office furniture giant HNI cuts costs as it ‘prepares for difficult time’

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3 November, 2022

MUSCATINE, Iowa – HNI Corp., one of the largest office furniture manufacturers in the world, announced it will cut costs by $30 million as business conditions continue to worsen.

Despite recording a $19.2 million increase in income for the third quarter – much of which being due to the sale of its Chinese furniture business for $51 million – the company expects revenue to decline for the coming quarter by a percentage in the low-teens.

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Washington Partners Announces the Sale of Office Furniture Depot in Lakeland, FL

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27 October, 2022

Washington Partners, LLC, one of Florida’s premier mergers and acquisitions advisory firms, is pleased to announce the sale of Office Furniture Depot, Inc., Lakeland, Florida by owners Joanne and David Boles, to Interior Fusion, LLC and Richard Fendley. Washington Partners served as the exclusive advisor to Office Furniture Depot in this transaction.

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Panda Global partners with Steelcase for Panda Cup last chance qualifier and finals

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26 October, 2022

North American esports organisation Panda Global has partnered with office furniture manufacturer Steelcase.

As a result of the deal, the manufacturer will provide its chairs for the Wonderful Pistachios Last Chance Qualifier as well as the Panda Cup finals taking place from December 15th-18th.

Read full article here: ESPORTS INSIDER

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Steelcase Announces Appointment of Sanjay Gupta to Board of Directors

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Thursday, 20 October, 2022

GRAND RAPIDS, Mich., Oct. 20, 2022 (GLOBE NEWSWIRE) — Steelcase (NYSE: SCS) announced today Sanjay Gupta has been appointed to its board of directors. Gupta is a digital marketing and business leader who is currently serving as the chief marketing officer and chief digital officer at Guaranteed Rate, a leader in mortgage lending and digital financial services.

The Steelcase board continuously evaluates its composition to ensure the board of directors encompasses the requisite and complementary knowledge, expertise, skills and diversity.

Read full article here: (GLOBENEWSWIRE)

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Steelcase Launches Better Futures Community

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19 October, 2022

Steelcase (NYSE: SCS) Today Steelcase is announcing the launch of its Better Futures Community, the company’s social innovation program designed to explore new approaches to reducing inequalities, accessing quality education and protecting the planet.

The Steelcase Better Futures Community explores, invests and accelerates bold new ideas and practices in collaboration with organizations throughout the world.

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BUSINESS NEWS: The economy: looking ahead

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Friday, 30 September, 2022

In these turbulent times, conflicting information really doesn’t help when you need to be sure of moving your business forward. War, shortages and talk of inflation and recession create confusion. What should we believe? What should we dismiss as sensationalism? All too often, individual factors are taken out of context and when given perspective through real insight, positives start to emerge. It’s time for a considered look at what lies ahead.

Read full article here: (FURNITURE JOURNAL MAGAZINE SEPTEMBER 2022 Page 5)

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Steelcase to reduce spending and lay off 180 salaried positions

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Thursday, 22 September, 2022

GRAND RAPIDS, Mich. – A decline in incoming orders and lower than expected return-to-offìce trends in the Americas, has led Steelcase Inc. to implement a further reduction of planned spending including a reduction of approximately $20 million of annualized spending and the elimination of up to 180 salaried positions across America’s core business and corporate functions.

“In response to inflation and supply chain challenges throughout this year, we have been pulling back on our planned level of incremental spending while staying invested in our most critical strategic initiatives,” said Dave Sylvester, senior vice president and CFO, of Steelcase.

Read full article here: (WOODWORKING NETWORK)

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West Elm and Office Furniture Startup Branch Announce New Retail Partnership

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13 September, 2022

BROOKLYN, N.Y.–(BUSINESS WIRE)–Global design company, West Elm, a portfolio brand of Williams-Sonoma, Inc. (NYSE: WSM), the world’s largest digital-first, design-led and sustainable home retailer, announced today, a new partnership with premium office furniture startup, Branch. The partnership, which is Branch’s first with a major retailer, will provide both commercial and residential West Elm customers access to a curated assortment of high-quality, ergonomic office furniture designed to accommodate the needs of both at-home workers and small to medium-sized businesses.

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IKEA Canada Extends the Feeling of Home into New Office Furniture Collection

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10 August, 2022

IKEA and Dentsu Creative help Canadians weather the change of leaving home to go back to the office.

For many, it’s a return to offices too. However, during the past couple of years, we’ve become used to not just working from home, but a feeling of living at work too.

For many, working from home has been a great comfort, working in our own spaces, enjoying the feeling of home during the workday and for many families and caregivers, a solution to competing responsibilities that has enabled a balanced schedule and a more balanced life.

Read full article here: LBBONLINE

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Steelcase Named a Best Employer for Women by Forbes

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Monday, 01 August, 2022

(GLOBE NEWSWIRE) — Steelcase (NYSE: SCS) is pleased to announce it has been included on the 2022 Forbes List for Best Employers for Women, ranking 13 out of 400 organizations recognized.

The Best Employers for Women have been identified in an independent survey of 50,000 U.S. employees working for companies employing at least 1,000 people within the U.S. The sample included more than 30,000 women. The survey was conducted using several online access panels, providing a representative sample of the U.S. workforce.

Read full article here: (GLOBENEWSWIRE)

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