Steelcase moving into Glendale

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Friday, 06 March 2024

A manufacturer of furniture for offices, hospitals and classrooms is developing its footprint in the West Valley by taking 211,360 square feet at C|303, an industrial development under construction at 5101 N. Cotton Lane in Glendale.

Executive managing director Isy Sonabend and senior associate Drew Eisen with NAI Horizon and Arie Salomon with NAI P-S-P in Seattle represented Steelcase Inc. of Grand Rapids, Michigan, in a long-term lease valued at $10.8 million. Upon completion of construction, the building that Steelcase will occupy — Building A — will total 375,660 square feet.

Read full article here: GLENDALE STAR

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Director Miguel Calado Sells 2,500 Shares of HNI Corp (HNI)

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Friday, 08 March 2024

Director Miguel Calado has executed a sale of 2,500 shares of HNI Corp (HNI) on March 7, 2024, according to a recent SEC filing. The transaction was carried out at a price of $42.99 per share, which resulted in a total value of $107,475.

Read full article here: GURU FOCUS

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‘Landmark’ office plan for office furniture firm The Senator Group

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Friday, 8 March 2024

An expanding furniture manufacturer wants to build a ‘landmark’ office complex at one of its sites.

The Senator Group (TSG) had a record-breaking year in 2022, increasing sales by more than 30% to reach a £215m turnover.

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Ikea’s new collection of office furniture is designed for complete focus

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Wednesday, 06 March 2024

The flexible office is going mainstream. Today, furnishings giant Ikea is releasing Mittzon, its newest system of furniture for the office. Designed specifically for all the ways the office has been contorted and reconfigured by the post-pandemic hybrid work schedule, the 85-piece collection is a flexible, movable kit of shape-shifting parts that is designed for an office environment that may never be static again

Read full article here: FAST COMPANY

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Steelcase Relocates Chicago Showroom to Fulton Market, Leaving Merchandise Mart After 50 Years

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Wednesday, 06 March 2024

High-end furniture company Steelcase is embarking on a significant transition, relocating its Chicago showroom to the Fulton Market District after more than five decades at the Merchandise Mart. This move underscores a growing trend among furniture and design firms choosing the vibrant Fulton Market over traditional locales. Steelcase’s forthcoming move into a space formerly occupied by MillerKnoll signals a shifting landscape in Chicago’s furniture and design industry.

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OFFICE FURNITURE PROVIDER HAWORTH PARTNERS WITH SHIVALIK GROUP

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Monday, 08 March 2024

Global office furniture leader, Haworth, has formed a strategic partnership with Shivalik Group, a prominent real estate developer in . The collaboration signifies a notable expansion move for Shivalik Group. Established in 1948 in the US, Haworth boasts a global presence with operations in 150 countries and a $2.5 billion valuation.

Read full article here: GURU FOCUS

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Thanks to Kimball acquisition, HNI sees major sales gains in fourth quarter

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Tuesday, 26 February 2024

MUSCATINE, Iowa – Office and contract furniture giant HNI reported $679.8 million in fourth quarter consolidated net sales, a gain of 19% from last year, largely thanks to its acquisition of Kimball last year. Not counting the acquisition, organic sales fell 6.4%.

Earnings per share rose 23% from last year, while operating margin expanded 410 basis points. Reasons for the improved margin were price-cost improvement, productivity gains and benefits from recent cost savings initiatives.

Read full article here: FURNITURE TODAY

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MillerKnoll plans to set up more showrooms in key Indian cities: Report

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Sunday, 24 March 2024

US-based furniture major MillerKnoll has set up its first retail outlet in the city, the sixth such facility in the country, through its authorised dealer Buildcraft Interior, the company said.
MillerKnoll has drawn up plans to open additional showrooms in key cities across India, Managing Director for Asia Pacific, Middle East, and African regions, Kartik Shethia said.

Herman Miller digs into design history with modular sofa posters

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Friday, 23 February 2024

ZEELAND, Mich. — Herman Miller is giving a nod to its history of modular furniture design with two posters from its back catalog of advertising prints.

The prints are each taken from a company catalog featuring 44 black-and-white posters created by Herman Miller’s graphic design team. Known as the “The Big Book,” the company’s salespeople used the large print posters to market the pieces to prospective showrooms and retailers.

Read full article here: FURNITURE TODAY

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HNI Corporation Reports Earnings for Fourth Quarter and Fiscal Year 2023

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Thursday, 22 February 2024

MUSCATINE, Iowa, February 22, 2024–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced sales of $2.434 billion and net income of $49.2 million for the full year ended December 30, 2023. GAAP net income per diluted share was $1.09, compared to $2.94 in the prior year. Non-GAAP net income per diluted share was $2.65, compared to $2.20 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Read full article here: YAHOO!FINANCE

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