Former workers sue Flexsteel, claim denied severance pay

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Sunday, 28 March, 2021

A group of former Flexsteel Industries employees is suing the company, alleging it used the pandemic to collect millions in federal aid while newly installed executives enriched themselves and denied severance pay to hundreds of laid-off, long-term workers.

The six plaintiffs, including three that worked in Dubuque, seek class-action status for their lawsuit, filed recently in federal court. They claim the Dubuque-headquartered company has violated the Iowa Wage Payment Collection Act, as well as the federal Worker Adjustment and Retraining Notification Act of 1988 and Employee Retirement Income Security Act of 1974.

Read full article here: (Telegraph Herald)

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Furniture sales still down at La-Z-Boy, but recovery is likely

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Thursday, 25 March, 2021

Residential furniture giant La-Z-Boy reported third-quarter sales of $470.1 million, a 1.2 percent decline over the same period last year. The company’s net income for the quarter fell to $29.2 million from $34.5 million.

The company’s wholesale segment decreased to $350.7 million from $364.8 million. Its retail segment sales were $165.9 million from $167.4 million.

Haworth announces year-end results, new strategic partnership

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Thursday, 25 March, 2021

HOLLAND — Year-end results and a new partnership have been announced at Holland-based Haworth.

In early March, a joint statement announced a strategic partnership between Haworth, the world’s third-largest office furniture supplier and a major Holland employer, and Danish furniture design brand BoConcept.

Read full article here: (Holland Sentinel)

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Rise of the home office usher boom time for UK furniture sales

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Tuesday, 23 March, 2021

Pent up demand and a more permanent shift in working habits following COVID-19 is due to drive the home office market in 2021, despite a decline in demand last year.

According to AMA Research, COVID-19 has had a serious impact on the home office furniture market in 2020. Despite a move to homeworking, demand for home office furniture is expected to have declined by 8% in 2020; however this can be contrasted with the 17% fall in the total office furniture market.

Read full article here: (Yahoo News)

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Sir Philip Green’s office furniture up for sale as administrators flog Arcadia assets after collapse

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Monday, 22 March, 2021

Administrators have begun flogging Arcadia’s assets, including sewing machines and Sir Philip Green’s office furniture, following the collapse of his retail empire.

Deloitte has appointed Hilco Global to sell the former Topshop owner’s London headquarters in a dramatic fall from high street royalty to the auction house.

Read full article here: (City A.M.)

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Product diversification helped Haworth soften nearly 20 percent sales decline in 2020

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Monday, 22 March, 2021

HOLLAND — While furniture maker Haworth Inc. absorbed an expected hit to sales in 2020 because of the COVID-19 pandemic, the company cited its diversification as a way of easing the blow.

The Holland-based privately held and family-owned company recently released figures for global sales in 2020. Haworthfinished the pandemic-consumed year with $1.81 billion in sales, which was a sharp 19 percent decrease from 2019 totals.

Read full article here: (MiBiz)

Mid-City Office Furniture’s president talks pandemic survival strategy

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Monday, 22 March, 2021

You could call it consultative selling without the selling.

Mid-City Office Furniture spent most of 2020 fielding an abundant number of inquiries about office equipment, but much of those had to do with shrinking office space, installing protective equipment or dealing with furniture rapidly deteriorating from caustic and frequent scrubbing.

Read full article here: (The Business Journals)

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Haworth sales down 19% amid coronavirus pandemic

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Friday, 19 March, 2021

HOLLAND, MI — Furniture manufacturer Haworth reported global sales of $1.81 billion in 2020, a 19% drop from the previous year.

Despite the loss, the Holland-based company says its performance was “better than expected.” It credited efforts to diversify its product offerings.

“Haworth responded to the events of 2020 by leveraging our differentiation and global reach,” President and CEO Franco Bianchi said in a statement.

Read full article here: (M Live)

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Soft North American contract furniture market drags Herman Miller sales lower

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Thursday, 18 March, 2021

ZEELAND — Office furniture maker Herman Miller Inc. continues to feel the sting as office workers stay home because of the COVID-19 pandemic.

In reporting its 2021 fiscal year results for its third quarter that ended Feb. 27, the company said it generated $590.5 million in sales for the three-month period, down 11.3 percent from the same time last year.

Read full article here: (MiBiz)

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Herman Miller Reports Third Quarter Fiscal 2021 Results

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Wednesday, 17 March 2021

In the news release, Herman Miller Reports Third Quarter Fiscal 2021 Results, issued 17-Mar-2021 by Herman Miller, Inc. over PR Newswire, PR Newswire inadvertently excluded the Contact details, which are now included for credentialed media.

Herman Miller Reports Third Quarter Fiscal 2021 Results

ZEELAND, Mich., March 17, 2021 /PRNewswire/ —

  • Retail and International sales growth helps offset near-term demand pressures in North America Contract
  • Retail momentum accelerates with sales growth of 63%, order growth of 81%, and operating margin of 20.1%
  • Consolidated operating margin expansion over the prior year
Read full article or Download here: (CISION PR Newswire)

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