Steelcase announces relationship with Italian furniture maker Mattiazzi

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Tuesday, 21 July, 2020

GRAND RAPIDS, Mich. —Steelcase has entered into a relationship with Italian furniture brand Mattiazzi to offer customers access to Mattiazzi’s complete catalog of hand-finished wood furniture with immediate availability in North America.

“As workers return to the office now and in the future, a range of informal spaces will be even more desirable as people look for collaborative settings that support their emotional and physical wellbeing,” said Allan Smith, Steelcase vice president of global marketing. “Mattiazzi designs are innovative and offer a fresh aesthetic that works well in a range of indoor and outdoor spaces and are easy to clean.”

Read full article here: (FURNITURETODAY)

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Did Hedge Funds Make The Right Call On Steelcase Inc. (SCS) ?

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Friday, 17 July, 2020

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Steelcase Inc. (NYSE:SCS) and determine whether hedge funds skillfully traded this stock.

Read full article here: (Yahoo Finance)

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HNI Corporation (HNI) Soars 1.19% on July 16

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Thursday, 16 July, 2020

HNI Corporation (HNI) had a good day on the market for Thursday July 16 as shares jumped 1.19% to close at $30.72. About 160,925 shares traded hands on 1,846 trades for the day, compared with an average daily volume of n/a shares out of a total float of 42.65 million. After opening the trading day at $30.20, shares of HNI Corporation stayed within a range of $30.93 to $30.06.

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Key reasons why dividend hunters should check out Herman Miller Inc

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Thursday, 09 July, 2020

In uncertain economic times, dividends play a crucial role in the total return that investors get from shares like Herman Miller Inc (NSQ:MLHR). These payouts – when they remain intact – can compensate for volatile market conditions. When share prices come under pressure, stocks with robust finances continue to offer a regular cash return to shareholders. But finding these reliable payouts is a challenge. With so many ways of assessing dividends – and so many potential traps – it’s important to focus on the most useful measures. To help you find the best dividends possible, there are a few key areas to consider. Let’s take a look at Herman Miller Inc as an example of how this works.

Read full article here: (UK Yahoo Finance)

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Steelcase Recognized as One of the 50 Most Community-Minded Companies in the United States

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Wednesday, 08 July, 2020

GRAND RAPIDS, Mich., July 08, 2020 (GLOBE NEWSWIRE) — Recently, Steelcase was named a 2020 honoree of The Civic 50, an initiative of Points of Light. The company’s expansive involvement in community programs – including a mix of volunteered time, product/service donations and financial gifts, as well as the integration of community commitment into business policies and practices – led to the recognition.

Read full article here: (GLOBE NEWSWIRE)

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BIFMA names new CEO, board

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Wednesday, 08 July, 2020

GRAND RAPIDS, Mich. –  BIFMA has appointed Deirdre Jimenez as its first president and CEO. She will succeed Tom Reardon, who is retiring after 22 years as executive director of BIFMA, the not for profit trade association for business and institutional furniture manufacturers.

Read full article here: (WOODWORKING NETWORK)

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Orgatec 2020 office furniture fair cancelled

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Tuesday, 07 July, 2020

This year’s Orgatec trade fair in Cologne, which was set to take place 27 to 31 October, has been cancelled in response to the coronavirus pandemic.

The organisers of the Orgatec office furniture announced that the 2020 event will not take place as numerous exhibitors and visitors cancelled their tickets to the event.

“The situation of this trade fair increasingly began to reflect current developments around Covid-19 and the economic situation,” said trade fair organiser Koelnmesse.

“In recent weeks, a large majority of exhibitors and trade visitors decided not to attend Orgatec after all.”

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Adaptable furniture is installed in classrooms to ensure social distancing measures are respected

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Wednesday, 01 July, 2020

ACTIU has published a comprehensive guide with advice and recommendations for educational establishments on how to adapt to the «new normal»

In this period of the «new normal» which we have just entered, several questions have arisen concerning the management of collective spaces and the adaptation thereof to the new COVID-19 safety requirements. ACTIU, as a specialist in furniture and collaborative spaces, has created the guide How to adapt educational spaces to the new normal with recommendations on how to equip and adapt educational establishments to this new situation.

Steelcase Reports First Quarter Fiscal 2021 Results

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Tuesday, 30 June, 2020

Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $482.8 million and a net loss of $38.1 million, or a loss of $0.33 per share. The results included a non-cash goodwill impairment charge which increased the net loss by $17.6 million, or $0.15 per share. The adjusted net loss in the quarter totaled $20.5 million, or $0.18 per share. In the prior year, Steelcase reported $824.3 million of revenue and net income of $17.8 million, or diluted earnings of $0.15 per share.
Revenue decreased 41 percent in the first quarter compared to the prior year. The decline was broad-based across all segments as government mandates significantly limited the company’s ability to manufacture and fulfill orders throughout much of the world during the first quarter. Revenue in the Americas declined 42 percent and EMEA declined 38 percent compared to the prior year. The Other category declined 43 percent, or 28 percent on an organic basis after adjusting for the impact of the PolyVision divestiture in February 2020 and currency translation effects.

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Herman Miller, Inc. to Host Earnings Call

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Tuesday, 30 June, 2020

Herman Miller, Inc. (NASDAQ:MLHR) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on June 30, 2020 at 9:30 AM Eastern Time.

To listen to the event live or access a replay of the call – visit
https://www.investornetwork.com/event/presentation/64467

Read full article here: (ACCESSWIRE)