Reasons Why Long-term Faith on Steelcase Inc. (SCS) Could Pay Off Investors

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Saturday, 25 April, 2020

Let’s start up with the current stock price of Steelcase Inc. (SCS), which is $9.56 to be very precise. The Stock rose vividly during the last session to $9.61 after opening rate of $9.53 while the lowest price it went was recorded $9.28 before closing at $9.49.

Steelcase Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $23.02 on 12/18/19, with the lowest value was $7.02 for the same time period, recorded on 03/18/20.

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Spicers and Office Team appoint Administrators

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Friday, 24 April, 2020

CEO Steve Horne has announced the following statement:

“In light of the financial position of the company and unpredictable trading, the Board of Directors have taken action to protect the business and have filed a notice of intention to appoint Administrators for both Spicers and OfficeTeam. The notice of intention to appoint Administrators does not apply to Zen Office and Spicers Ireland.

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Italian furniture and design manufacturers push for restarting production

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Thursday, 23 April, 2020

A consortium of prominent Italian home furnishing designers and manufacturers are urging Prime Minister Giuseppe Conte to allow their industries to resume production ahead of the country’s gradual re-opening, which is now slated to begin May 3 at the earliest but could likely be pushed back. Italy’s famed and economically vital home design industry—largely centered around Milan but spread across the country—has been at a virtual standstill since at least March 22, when production at the country’s non-essential factories was halted due to the global coronavirus crisis. Italy, an early epicenter of the pandemic, went into nationwide lockdown mode earlier in the month, on March 9.

Read full article here: (ARCHPAPER.COM)

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Italian furniture and design manufacturers push for restarting production

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Thursday, 23 April, 2020

A consortium of prominent Italian home furnishing designers and manufacturers are urging Prime Minister Giuseppe Conte to allow their industries to resume production ahead of the country’s gradual re-opening, which is now slated to begin May 3 at the earliest but could likely be pushed back. Italy’s famed and economically vital home design industry—largely centered around Milan but spread across the country—has been at a virtual standstill since at least March 22, when production at the country’s non-essential factories was halted due to the global coronavirus crisis. Italy, an early epicenter of the pandemic, went into nationwide lockdown mode earlier in the month, on March 9.

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10 ways COVID-19 could change office design

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Wednesday, 22 April, 2020

  • Millions of people in China have returned to work, and other countries are considering easing lockdowns in phases.
  • Organizations should plan how to adapt offices to comply with social distancing rules.
  • Real estate company Cushman & Wakefield has designed an office where workers can keep six feet apart.

COVID-19 has upended working life, changing how and where people do their jobs.

But with governments and companies around the world looking to ease lockdowns, minimizing virus transmission at work is now at the top of many organizations’ agendas.

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Humanscale Launches Campaign to Help Remote Workers Stay Healthy

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Wednesday, 22 April, 2020

IN RECENT weeks the lockdown and social distancing in India has seen thousands of employees set up an office in their very own homes. In fact, according to many reports, COVID-19 pandemic could lead to Work From Home (WFH) becoming a regular thing. WFH is today an accepted norm in many sectors, especially in the IT sector, as it promotes a good work-life balance and enhances productivity.

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Office-contract furniture market estimated to be $17 billion

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Tuesday, 14 April, 2020

The preliminary estimate developed by IHS Markit of the North American office, education, and healthcare furniture market for 2019 was estimated to be $16.99 billion by the Business and Institutional Furniture Manufacturers Association. That is a gain of 4.3 percent over the actual 2018 market size figure.

The market in the U.S. was estimated to be just under $15 billion for 2019, an increase of 5.5 percent.

Read full article here: (WOODWORKING NETWORK)

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HNI Corporation Provides Update Related to COVID-19 Coronavirus Pandemic

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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.”

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HNI Suspends 2020 Outlook

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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.

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Herman Miller implements cost-cutting measures

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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)

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