Furniture sales still down at La-Z-Boy, but recovery is likely
Thursday, 25 March, 2021
The company’s wholesale segment decreased to $350.7 million from $364.8 million. Its retail segment sales were $165.9 million from $167.4 million.
The company’s wholesale segment decreased to $350.7 million from $364.8 million. Its retail segment sales were $165.9 million from $167.4 million.
HOLLAND — Year-end results and a new partnership have been announced at Holland-based Haworth.
In early March, a joint statement announced a strategic partnership between Haworth, the world’s third-largest office furniture supplier and a major Holland employer, and Danish furniture design brand BoConcept.
Pent up demand and a more permanent shift in working habits following COVID-19 is due to drive the home office market in 2021, despite a decline in demand last year.
According to AMA Research, COVID-19 has had a serious impact on the home office furniture market in 2020. Despite a move to homeworking, demand for home office furniture is expected to have declined by 8% in 2020; however this can be contrasted with the 17% fall in the total office furniture market.
Administrators have begun flogging Arcadia’s assets, including sewing machines and Sir Philip Green’s office furniture, following the collapse of his retail empire.
Deloitte has appointed Hilco Global to sell the former Topshop owner’s London headquarters in a dramatic fall from high street royalty to the auction house.
HOLLAND — While furniture maker Haworth Inc. absorbed an expected hit to sales in 2020 because of the COVID-19 pandemic, the company cited its diversification as a way of easing the blow.
The Holland-based privately held and family-owned company recently released figures for global sales in 2020. Haworthfinished the pandemic-consumed year with $1.81 billion in sales, which was a sharp 19 percent decrease from 2019 totals.
You could call it consultative selling without the selling.
Mid-City Office Furniture spent most of 2020 fielding an abundant number of inquiries about office equipment, but much of those had to do with shrinking office space, installing protective equipment or dealing with furniture rapidly deteriorating from caustic and frequent scrubbing.
HOLLAND, MI — Furniture manufacturer Haworth reported global sales of $1.81 billion in 2020, a 19% drop from the previous year.
Despite the loss, the Holland-based company says its performance was “better than expected.” It credited efforts to diversify its product offerings.
“Haworth responded to the events of 2020 by leveraging our differentiation and global reach,” President and CEO Franco Bianchi said in a statement.
ZEELAND — Office furniture maker Herman Miller Inc. continues to feel the sting as office workers stay home because of the COVID-19 pandemic.
In reporting its 2021 fiscal year results for its third quarter that ended Feb. 27, the company said it generated $590.5 million in sales for the three-month period, down 11.3 percent from the same time last year.
In the news release, Herman Miller Reports Third Quarter Fiscal 2021 Results, issued 17-Mar-2021 by Herman Miller, Inc. over PR Newswire, PR Newswire inadvertently excluded the Contact details, which are now included for credentialed media.
ZEELAND, Mich., March 17, 2021 /PRNewswire/ —
HOLLAND, Mich. –Trendway announced that 15 of its products have been certified as BIFMA Compliant. Launched on March 1, 2021, the new BIFMA Compliant registry is an industry-wide list of furniture products that meet BIFMA performance, safety and sustainability standards.
To secure the BIFMA Compliant marks, Trendway worked with an independent International Organization for Standardization 17025 accredited lab testing BIFMA specifications ranging from safety and performance to durability.
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