Virco Manufacturing Corp. (VIRC) gains 2.5790% for June 09

Wednesday, 09 June, 2021

Virco Manufacturing Corp. (NASDAQ: VIRC) shares gained 2.5790% to end trading Wednesday at $3.58 per share – a net change of $0.09.

The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world’s leading exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

United Fund receives $25,000 from La-Z-Boy

Wednesday, 09 June, 2021

The United Community Fund of Neosho Area (United Fund) received $25,000 from La-Z-Boy in Neosho on Jun. 8, as the partnership between the two continues to help local non-profit organizations.

The United Fund supports a wide variety of causes and agencies that provide services in health, education, and recreation for citizens in the Neosho area.

It also provides assistance for disaster relief, substance abuse, mental illness, family counseling, emergency aid and youth groups.

 

Herman Miller Inc. (MLHR) gains 1.5490% for June 09

Wednesday, 09 June, 2021

Herman Miller Inc. (NASDAQ: MLHR) shares gained 1.5490% to end trading Wednesday at $50.49 per share – a net change of $0.77.

The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world’s leading exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

AIS in Leominster picks new president from within

Tuesday, 08 June, 2021

Commercial officer furniture manufacturer AIS, of Leominster, has promoted Nick Haritos to president of the company, current president and CEO Bruce Platzman announced on Monday.

Platzman will remain with the company as CEO after Haritos assumes his new role on July 1, and Arthur Maxwell will remain chairman of the board.

Bestar, Bush now eSolutions furniture group

Tuesday, 08 June, 2021

SHERBROOKE, Quebec Bestar and Bush Furniture Industries have a new corporate name: eSolutions furniture group.
The company said the new name reflects its plans “to propel the sale of residential and commercial furniture on the international market through cutting-edge e-commerce solutions.”

The rechristening comes just over a year after Bestar purchased Bush. Both companies specialize in the manufacture of ready-to-assemble furniture.

Herman Miller retirees organize fundraiser for Community Action House

Saturday, 05 June, 2021

HOLLAND — Throughout June, a cohort of Herman Miller retirees will rally support for Community Action House.

The fundraiser — “Power of 10: Feed Your Neighbor, Fill Your Heart” — will be supported by Herman Miller Cares, which will provide a dollar-for-dollar match up to $5,000 for all monetary donations received by Community Action House in June.

Office furniture firm lands multimillion-dollar opportunity

Thursday, 03 June, 2021

Tampa-based Reimagine Office Furnishings’ business model was once predicated on stylishly remanufacturing existing office furniture for corporate clients.

So when the pandemic hit and the world seemed to depart their offices en masse, it was clear the firm needed to shift its focus. The couple at the helm of the business, President Bill Adams and CEO Joni Adams, first began selling screens and brackets that attached to work surfaces and separated nearby cubicles. They’ve since sold over 50,000 screens.

Kimball International HQ nationally recognized for health and safety practices

Thursday, 03 June, 2021

Kimball International announced today it has earned the WELL Health-Safety Rating for its recently renovated Headquarters Campus in Jasper, Indiana, through the International WELL Building Institute (IWBI™).

The WELL HealthSafety Rating is an evidence-based, third-party-verified rating for all new and existing building and space types. The rating takes into account operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment now and into the future.

LogiNext reports 300% rise in home office furniture related deliveries

Thursday, 03 June, 2021

June 3, 2021: The logistics technology firm backed by Tiger Global, LogiNext, shared data that showed an upsurge in the demand for home office furniture (300 percent), living room seating like recliners (50 percent), and beds and mattresses (50 percent).

This demand for home office furniture comes amidst a massive change in consumer buying habits, which have transitioned to online models. Within this space, LogiNext has witnessed an overall 125 percent rise in orders for delivering big and bulky goods since January 2021 alone.

 

Breakeven On The Horizon For Martela Oyj (HEL:MARAS)

Thursday, 03 June, 2021

Martela Oyj (HEL:MARAS) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Martela Oyj operates in the office interior industry primarily in Finland, Sweden, Norway, and internationally. With the latest financial year loss of €4.8m and a trailing-twelve-month loss of €3.7m, the €14m market-cap company alleviated its loss by moving closer towards its target of breakeven. Many investors are wondering about the rate at which Martela Oyj will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts’ expectations for the company.