Knoll adjusts office furniture mix during bumpy 2020

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Wednesday, 17 February 2021

EAST GREENVILLE, Pa. – Knoll Inc. said it is well positioned for 2021 after adjusting its marketing and manufacturing strategies to meet the needs of post-pandemic hybrid workplaces.

Knoll, ranked No. 14 in the FDMC 300, reported net earnings of $7.7 million for 2020, a precipitous drop from $59.8 million in 2019. The company’s 2020 sales totaled $1.236 billion in 2020, a 13.4% decrease from 2019. The decline was especially pronounced in the company’s commercial office furniture category. Workplace sales plunged 22% as COVID-19 forced millions of Americans to work from home and prompted many businesses to hit the pause button on office furniture purchases.

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Knoll Names Esohe Omoruyi as Executive Vice President, Consumer & Digital Commerce

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Tuesday, 16 February 2021

EAST GREENVILLE, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) — Knoll, Inc. (NYSE: KNL), a constellation of design-driven brands and people, working together with clients in person and digitally to create inspired modern interiors for workplaces and homes, today announced the appointment of Esohe Omoruyi as Executive Vice President of Consumer & Digital Commerce, reporting to Andrew Cogan, Chairman and CEO.

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Pandemic sends furniture manufacturers’ work from home plans into overdrive

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Sunday, 14 February 2021

For the large West Michigan-based office furniture manufacturers, remote working was a familiar concept and a demand they were prepared to fulfill.

While names like Steelcase Inc., Herman Miller Inc. and Haworth Inc. were keeping an eye on the transition to higher percentages of remote workers, the COVID-19 pandemic and ensuing mass exodus from traditional offices lurched that evolution forward.

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La-Z-Boy Foundation makes $100,000 donation to United Way

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Saturday, 13 February 2021

The La-Z-Boy Foundation has increased its campaign contribution to the United Way of  Monroe/Lenawee Counties; with this year’s donation to be $100,000.

This is in support of the 2020-21 United Way annual fundraising campaign, with the money meant to help the agency and its partners manage increased needs relating to the COVID-19 pandemic.

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Kimball International Inc. (KBAL) Soars 3.23% on February 12

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Friday, 12 February 2021

Kimball International Inc. (KBAL) had a good day on the market for Friday February 12 as shares jumped 3.23% to close at $11.84. About 371,420 shares traded hands on 3,542 trades for the day, compared with an average daily volume of n/a shares out of a total float of 36.88 million. After opening the trading day at $11.95, shares of Kimball International Inc. stayed within a range of $12.01 to $11.59.

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Hackett joins La-Z-Boy board of directors

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Friday, 12 February 2021

MONROE, Mich. – James B. Hackett has been named to the board of directors of La-Z-Boy. He will serve on the Audit and the Nominating and Governance committees. The appointment expands the board to 10 members.

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HNI Corporation (HNI) Soars 8.01% on February 11

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Thursday, 11 February 2021

HNI Corporation (HNI) had a good day on the market for Thursday February 11 as shares jumped 8.01% to close at $36.95. About 1.15 million shares traded hands on 11,654 trades for the day, compared with an average daily volume of n/a shares out of a total float of 42.71 million. After opening the trading day at $36.58, shares of HNI Corporation stayed within a range of $39.36 to $36.18.

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Knoll reports grim results for 2020, optimism for the future

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Thursday, 11 February 2021

EAST GREENVILLE, Pa. – As Knoll Chairman and CEO Andrew Cogan and CFO Charles Rayfield stated in their annual letter to shareholders, “2020 was a year of unimaginable challenge.” All important financial results declined for the fourth quarter and full year 2020.

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Amkor Technology Set to Join S&P MidCap 400; HNI to Join S&P SmallCap 600

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Wednesday, 10 February 2021

NEW YORK, Feb. 10, 2021 /PRNewswire/ — Amkor Technology Inc. (NASD: AMKR) will replace HNI Corp. (NYSE: HNI) in the S&P MidCap 400 and HNI Corp will replace Virtusa Corp. (NASD: VRTU) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 16. Baring Private Equity Asia is acquiring Virtusa in a deal that is expected to be completed soon pending final conditions. HNI is more representative of the small-cap market space.

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Toronto architects share their design solutions to working and learning at home

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Monday, 08 February 2021

With offices closed during the pandemic and many kids kept out of the classroom, families have scrambled to carve out functional remote-learning spaces in homes that weren’t designed for the job.

Faced with space constraints, acoustic challenges, and shortages of office furniture, even architects — experts in conceptualizing interior spaces with time and budget constraints — are struggling to keep up with the demands that school closures are putting on their small, open-concept homes.

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