HNI Corporation (HNI) had a good day on the market for Tuesday January 05 as shares jumped 2.61% to close at $34.20. About 171,041 shares traded hands on 2,516 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 $33.37, shares of HNI Corporation stayed within a range of $34.42 to $33.18.
NEW YORK, Jan. 5, 2021 /PRNewswire/ — Following private treaty bulk sales and successful auctions of assets from three of American Medical Depot’s (AMD) six facilities, Tiger Group will wrap up the wind-down of this major distributor of medical equipment and supplies with online auctions in mid-January for in excess of $16 million in inventories plus other assets from the company’s three remaining locations.
Elgin-Illinois based Rieke Office Interiors (ROI) has constructed a sterling reputation designing functional office environments and manufacturing custom office furniture for the past 27 years.
Working in different cities around the country, it is finding its greatest success in the Dallas-Fort Worth area. Colleen Baader, ROI’s senior vice president, explained that the company has done much work in that specific area for the past two years.
MONROE, Mich., Sept. 30, 2020 (GLOBE NEWSWIRE) — La-Z-Boy today announced it is the recipient of the 2020 Award of Excellence – Making an Impact from the Association for Supply Chain Management (ASCM), the global leader in supply chain learning, transformation, innovation and leadership. Darrell Edwards, SVP and Chief Operating Officer, will be featured in a LinkedIn Live interview on Tuesday, October 20, at 1:00 p.m. Central.
LOS ANGELES, Calif., Sept. 29, 2020 /PRNewswire/ — Capital Office Products keeps clients stocked as they navigate new workplace solutions through the COVID-19 pandemic.
Businesses have faced many challenges in 2020 and they are constantly changing, particularly in Los Angeles which has approached reopening the city with caution. Capital Office Products holds a diverse client base including law firms, schools, and the fire department. As clients faced challenges like making the transition from working in the office to all employees working from home they worked with suppliers to find essential items clients needed to keep operations running smoothly.
Loven Contracting of Flagstaff recently completed the transformation of an empty furniture store into an ultramodern pediatric healthcare facility. The complete interior remodel of the old La-Z-Boy furniture store on Highway 89 adapted the space for reuse as the new Northern Arizona Healthcare Children’s Health Center. Loven Contracting executed the innovative design for the pediatric healthcare center in partnership with Corgan, a leading architecture and design firm that started more than 80 years ago.
“The existing ‘big box’ retail building lent itself well to adaptive reuse and the design-plus-build process,” said Loven Contracting President Mike Loven. “There were significant deferred maintenance and water infiltration issues, but our team addressed them in the early phases of the project and transformed it into a state-of-the-art healthcLEare facility.”
KUALA LUMPUR, Malaysia, Sept. 29, 2020 /PRNewswire/ — Southeast Asia’s largest furniture trade show, the Malaysian International Furniture Fair (MIFF) has concluded its first-ever virtual exhibition, MIFF Furniverse which was held throughout the month of August 2020.
Aimed to connect global furniture markets with real-time trade opportunities, the inaugural online exhibition consists of three geo-targeted live market events, catered for different time zones and regions – Asia Pacific market (11 – 13 August 2020), North America & South America market (18 – 20 August 2020) followed by Europe, Middle East & South Africa market (26 – 28 August 2020).
Furniture maker Herman Miller Inc. isn’t sure when its corporate customers will reopen offices or when they would place orders for new furniture and other office equipment needed for a workspace reconfigured in keeping with coronavirus guidelines.
That is a challenge for its Chief Financial Officer Jeffrey Stutz. Mr. Stutz is preparing for a rush of orders from offices looking to redo layouts in line with social distancing rules, but is also juggling the need for investments in new products while business is weak.
As you may have guessed, 2020 hasn’t been the best year for makers of office furniture. With some employers now cautiously returning portions of their workforce to the office, the furniture suppliers who want to help them navigate the evolving look of the workplace are largely still waiting for those orders to start coming in.
That’s placed companies like Herman Miller in a sort of awkward holding pattern. The famed maker of the ubiquitous Aeron chair saw enough of a surge in home office orders to exceed earnings expectations and boost their stock price, but the relative uptick of new corporate orders in August and September hasn’t pushed them back into their pre-pandemic position.
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