HNI Corporation Provides Update Related to COVID-19 Coronavirus Pandemic

/0 Comments/in , /by

Monday, 06 April, 2020

MUSCATINE, Iowa–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI; “the Corporation”) is providing an update related to the ongoing COVID-19 pandemic crisis.

CEO Comment
“First and foremost, our focus during this crisis is on the well-being of our members. To protect our teams, we have implemented workplace measures consistent with guidelines from the Centers for Disease Control and Prevention. While the situation is dynamic, at this point we continue to operate at our primary manufacturing locations,” stated Jeff Lorenger, HNI Corporation, Chairman, President, and Chief Executive Officer. “We entered this crisis in a position of strength. We have low debt levels and possess liquidity equivalent to more than two years of free cash flow. While the ultimate impact of the outbreak is uncertain, we are confident in our ability to effectively weather this crisis.”

Read full article here: (BUSINESS WIRE)

Full Article

HNI Suspends 2020 Outlook

/0 Comments/in , /by

Monday, 6 April, 2020

(RTTNews) – HNI Corp. (HNI) said it has suspended its fiscal 2020 sales and earnings forecast due to the uncertainty caused by the coronavirus pandemic.

At the end of the first quarter 2020, the company had $233 million in total debt.

Read full article here: (NASDAQ)

Full Article

 

Herman Miller implements cost-cutting measures

/0 Comments/in , /by

Friday, 03 April, 2020

ZEELAND, Mich. — A major office furniture maker is taking “a set of actions” to reduce its costs.

The moves by Herman Miller are in response to the “uncertain economic outlook” amid the coronavirus pandemic, according to the company today.

Herman Miller  said it is reducing “cash compensation” for the majority of its salaried workforce by 10%.

Read full article here: (FOX 17 WEST MICHIGAN)

Full Article

Herman Miller Makes Temporary Business Adjustments in Response to Impact of COVID-19

/0 Comments/in , /by

Friday, 03 April, 2020

/PRNewswire/ — Herman Miller, Inc. (NASDAQ: MLHR), the global designer and furniture manufacturer, announced today a set of actions throughout its global operations in response to the uncertain economic outlook resulting from the COVID-19 pandemic.

“Since the onset of the COVID-19 pandemic, we’ve been carefully considering the right things to do for our people and our company to ensure we have both a healthy employee base and business when we emerge from these uncertain times,” said Andi Owen, President and CEO of Herman Miller. “Just as we entered this crisis in a strong financial position, we are taking immediate actions to reduce expenses and manage liquidity so we can maintain strong financial footing on the other side of it.”

Read full article here: (YAHOO FINANCE)

Full Article

Herman Miller production to include medical protective equipment

/0 Comments/in , /by

Wednesday, 1 April, 2020

HOLLAND — Herman Miller is responding to the shelter-in-place and similar government orders at its headquarters in Zeeland and various locations around the world.

Gov. Gretchen Whitmer’s stay-home executive order requires non-essential businesses to close for three weeks until April 13.

Starting Monday, March 30, Herman Miller announced in a press release it anticipated bringing back as much as 30 percent of its manufacturing employees to help support customers who are “actively engaged in the COVID-10 response.”

Read full article here: (HOLLAND SENTINEL)

Full Article

Gabriel A/S completes the acquisition of Visiotex GmbH

/0 Comments/in , /by

Friday, 20 December, 2019

Gabriel A/S has today acquired 100% of the share capital of the German fabric-solution manufacturer Visiotex GmbH. The price for the shares is agreed at EUR 0.5 million in cash. In addition hereto bank debt of approx. EUR 2.0 million is taken over.

Visiotex is recognised within the furniture industry for innovative fabric solutions. The patented Wovenit-technology makes it possible, in one process, to design and produce fabric-solutions with built-in functionality without subsequent cutting and sewing.

Read full article here: (NEWSFILTER.IO)

Full Article

 

Steelcase Announces Appoint­ment of Catherine “Triona” Schmelter to Board of Directors

/0 Comments/in , /by

Tuesday, 17 December, 2020

Steelcase today announced Catherine “Triona” C.B. Schmelter has been appointed to its board of directors. Ms. Schmelter is President, Meal Solutions of TreeHouse Foods, Inc., a $4.3B Fortune 500 manufacturer of packaged foods and beverages.

Read full article here: (GLOBE NEWSWIRE)

Full Article

 

Microsoft, Steelcase Deliver Huddle Rooms on Wheels with Surface Hub 2S

/0 Comments/in , /by

Wednesday, 28 June, 2019

Microsoft has begun shipping the new Surface Hub 2S, its video conferencing digital whiteboard platform that aims to address the emerging desire among customers to create mobile huddle rooms on the fly. Introduced earlier this year, Microsoft has partnered with office furniture maker Steelcase to develop a custom cart on wheels optimized to move and create ad hoc video conferences.

Read full article here: (CHANNEL PARTNERS ONLINE)

 

Inscape Announces Fiscal Year 2019 Fourth Quarter Results

/0 Comments/in , /by

Thursday, 27 June, 2019

Inscape (TSX: INQ), a leading designer and manufacturer of furnishings for the workplace, today announced its fourth quarter financial results ended April 30, 2019.  Sales in the fourth quarter of fiscal year 2019 were $18.6 million, an increase of 7.7% compared to the same quarter of the prior year on a comparable basis when excluding prior year sales from an exited business unit. Including prior year sales from the exited business unit, sales were down 13.4% compared to the same quarter of the prior year. Sales for fiscal year 2019 were 9.2% higher than the prior year sales excluding an exited business unit.

Read full article here: (GLOBE NEWSWIRE)

 

Herman Miller leaving Mart for Fulton Market

/0 Comments/in , /by
Tuesday, 11 June, 2019

After 80 years at the riverfront giant, the furniture company is moving its showroom to a new development in the trendy corridor.

A furniture company and longtime tenant in the Mart is leaving the building after eight decades for a new home in the Fulton Market District, following the lead of another prominent furniture maker that recently made the same move.

Herman Miller, which opened its first Mart showroom in 1939, leased an entire mixed-use development planned at 1100 W. Fulton Market, where it will move late next year, the company confirmed.

Read full article here: (CRAIN’S CHICAGO BUSINESS)