HNI Corporation (NYSE:HNI) is a favorite amongst institutional investors who own 77%
29 December, 2022
A look at the shareholders of HNI Corporation (NYSE:HNI) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 77% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
MillerKnoll : Herman Miller Named a Frontrunner and Disclosure Leader in Chemical Transparency
28 December, 2022
Herman Miller, a member of MillerKnoll’s collective of brands, was named a Frontrunner and Disclosure Leader in the Chemical Footprint Project (CFP), by Clean Production Action in December 2022 for its work in 2021. The CFP is the first-of-its-kind initiative to measure chemical footprints and assess business progress away from hazardous chemicals to safer solutions.
Financially strapped Inscape furniture sells majority of shares for just $88,000
28 December, 2022
HOLLAND LANDING, Ontario – Canadian office furniture manufacturer Inscape has succeeded in its bid to be taken over by HUK 121, a subsidiary of British private investment firm Hilco Capital. Inscape is now a subsidiary of HUK.
On Dec. 23, 12.6 million common shares – roughly 88% of the company’s outstanding common shares – were deposited to HUK. The aggregate consideration payable for those shares was just $88,631. Remaining shareholders have until Jan. 3 to tender their stock for 7 cents per share.
See what Flexsteel has in store for 2023
16 December, 2022
DUBUQUE, Iowa — Flexsteel Inds. is ready for 2023’s challenges with a broad spectrum of new introductions and a focus on logistics and product delivery for retail customers.
Furniture Today spoke with David Crimmins, Flexsteel’s vice president, sales, about the company’s plans for 2023 and what these will translate to for retailers.
Kimball International HQ earns key designation
22 December, 2022
JASPER, Ind. – Kimball International Inc. (Nasdaq: KBAL) this week announced its corporate headquarters in Jasper has earned the WELL Certified Platinum designation. The WELL certification is given to buildings and organizations that seek to enhance human health and well-being.
MillerKnoll, Steelcase expect flat to lower sales this quarter as order rates soften
22 December, 2022
MillerKnoll Inc. and Steelcase Inc. both expect flat to lower sales for the present quarter going into 2023 amid softer order rates.
The Zeeland-based MillerKnoll (Nasdaq: MLKN) expects organic sales for the second quarter of the 2023 fiscal year to decrease 0.7 percent to 2.9 percent from the same period a year ago, to $980 million to $1.02 billion.
MillerKnoll on Wednesday reported $1.06 billion in sales for the quarter that ended Dec. 6, a 4-percent increase from a year earlier. The corporation recorded $16 million in net income, or 21 cents per diluted share.
Kimball International announces WELL certified™ platinum for corporate headquarters
21 December, 2022
JASPER — Kimball International announces that its corporate headquarters in Jasper, Indiana, has earned WELL Certified™ Platinum through the International WELL Building Institute (IWBI). Earlier this year, Kimball International was one of the first furniture manufacturers to have multiple corporate showrooms obtain the WELL Health-Safety Rating. This next designation marks an important achievement and visible commitment to supporting the health and well-being of their staff, visitors, and stakeholders, as well as the broader community.
Regional growth attracts interior solutions firm to acquire Fargo-based office furniture dealer
21 December, 2022
MINNEAPOLIS, Dec. 21, 2022 /PRNewswire/ — Fluid, a Minneapolis-based interior solutions company, today announced the acquisition of Fargo, N.D.-based Christiansons, a full-service office furniture dealer and service provider.
Martin Furniture creates new position focused on e-commerce
21 December, 2022
SAN DIEGO – Cheryl Whyers has been hired to lead a newly developed sales channel as e-business and retail e-commerce manager for Martin Furniture. Martin says Whyers is a digital marketing and e-commerce sales executive with more than 20 years of experience in B2C, D2C and B2B.
“We are very excited to have Cheryl join our team,” said Dee Maas, Martin’s vice president of sales and marketing. “Her expertise in all things digital will be a great asset for us and for our retail partners.”
Whyers was formerly senior vice president of e-business development at The Highlands Group, where she was responsible for developing an e-commerce sales and digital marketing division.
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