LogiNext reports 300% rise in home office furniture related deliveries

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Thursday, 03 June, 2021

June 3, 2021: The logistics technology firm backed by Tiger Global, LogiNext, shared data that showed an upsurge in the demand for home office furniture (300 percent), living room seating like recliners (50 percent), and beds and mattresses (50 percent).

This demand for home office furniture comes amidst a massive change in consumer buying habits, which have transitioned to online models. Within this space, LogiNext has witnessed an overall 125 percent rise in orders for delivering big and bulky goods since January 2021 alone.

Read full article here: (Indian Transport and Logistics)

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Breakeven On The Horizon For Martela Oyj (HEL:MARAS)

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Thursday, 03 June, 2021

Martela Oyj (HEL:MARAS) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Martela Oyj operates in the office interior industry primarily in Finland, Sweden, Norway, and internationally. With the latest financial year loss of €4.8m and a trailing-twelve-month loss of €3.7m, the €14m market-cap company alleviated its loss by moving closer towards its target of breakeven. Many investors are wondering about the rate at which Martela Oyj will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts’ expectations for the company.

Read full article here: (Simply Wall St)

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Laid-off Flexsteel workers add to their claims of self-dealing by company executives

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Wednesday, 02 June, 2021

A group of former Flexsteel employees who are suing the Iowa-based company for allegedly enriching top executives at the direct expense of laid-off workers have added to their complaint in federal court.

The original complaint that forms the basis of the lawsuit was filed in early March in U.S. District Court for the Northern District of Iowa. The newly amended complaint is a more explicit accounting of how executives allegedly violated their fiduciary duties to the company and its workers.

Read full article here: (Iowa Capital Dispatch)

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Sedus Stoll AG 2020 annual financial statements: Solid profit despite pandemic-related losses in sales

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Tuesday, 01 June, 2021

DOGERN, Germany, June 1, 2021 /PRNewswire/ — With a turnover of EUR 184.0 million, the Sedus Stoll Group faced a total drop in turnover of -12.4% in the first year of the pandemic. Despite all the difficult circumstances, the 2020 business year ended with a solid profit of EUR 2.54 million.

In the 2020 financial year, which was characterised by a series of highs and lows, the incoming orders dropped particularly sharply in the months of March and April. However, with the development of special furniture for the home office and aerosol protection walls to retrofit existing office furnishings, Sedus rapidly and flexibly responded to the new market requirements and was thus able to easily cushion further losses.

Read full article here: (CISION PR Newswire)

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Herman Miller launches new retail website

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Monday, 31 May, 2021

Furniture designer and manufacturer Herman Miller rolled out a new online purchasing experience for its customers.

Zeeland-based Herman Miller (Nasdaq: MLHR) earlier this month unveiled a newly renovated retail website tailor-made for customers looking for a supported and seamless purchasing experience.

Read full article here: (Grand Rapids Business Journal)

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Kimball International announces 10 scholarships

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Saturday, 29 May, 2021

Kimball International announced 10 scholarships were awarded to local students pursuing their higher education.

The Kimball International Scholarships Program awards multiple $2,000 scholarships to high-achieving young women and men each year and is funded by the Kimball International-Habig Foundation. Since the scholarship program was established in 1963, a total of over $3.5 million in scholarship funds have been granted.

Read full article here: (Dubois County Free Press)

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Readers’ Choice Awards: La-Z-Boy Galleries of Toledo

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Thursday, 27 May, 2021

La-Z-Boy Furniture Galleries of Toledo was started in 1974 by Don Durocher and continues to be a leader in home furnishings for northwest Ohio and southeast Michigan.

But La-Z-Boy Furniture Galleries, a licensee of the national company headquartered in Monroe, Michigan, is much more than a furniture store for every room in your house. Supporting local charities is one of many ways La-Z-Boy Furniture Galleries gives back to the community.

Read full article here: (The Blade)

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Dining at Herman Miller goes self-op

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Thursday, 27 May, 2021

Corporate dining may be undergoing challenges but that doesn’t mean some employers don’t continue to value it as an amenity and benefit for their employees. For instance, Herman Miller, the manufacturer of high-quality office furniture based in Michigan, recently made a significant commitment to onsite dining at its sites by deciding to operate the service itself, employing a number of talented culinarians who have been displaced by the effects of the COVID-19 pandemic on the restaurant industry.

Read full article here: (Food Management)

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Michigan lifts workplace rules; Steelcase employees can return to work

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Tuesday, 25 May, 2021

GRAND RAPIDS, Mich. -Michigan governor Gretchen Whitmer visited office and contract furniture giant Steelcase to say that employees may return to work. Whitmer also said that vaccinated workers are no longer required to wear masks on the job.

Rules forcing employees to work from home if possible were lifted across the state. Michigan is home to many big furniture makers, including Steelcase, Haworth, and Herman Miller.

Read full article here: (Woodworking Network)

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Flexsteel Industries, Inc. Releases New Investor Presentation

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Wednesday, 19 May, 2021

DUBUQUE, Iowa–(BUSINESS WIRE)–Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), today posted a new investor presentation on the Company’s website at https://ir.flexsteel.com/events-and-presentations. The presentation outlines key elements of the Corporation’s business model, investment thesis, growth strategies, and financial objectives.

Read full article here: (Businesswire)

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