Knoll Declares Cash Dividend

Wednesday, 7 August, 2019

Knoll, Inc., (NYSE:KNL), a leading designer and manufacturer of furnishings and coverings for the workplace and home, today announced that the Company’s Board of Directors declared a quarterly cash dividend to $0.17 per share payable September 30, 2019 to shareholders of record on September 16, 2019.

The declaration and payment of dividends is subject to the discretion of the Board of Directors and depends on various factors, including our net income, restrictions in our credit facility, financial position, cash requirements and other factors deemed relevant by our Board of Directors.

 

Steelcase Inc. (NYSE:SCS) Expected to Post Quarterly Sales of $980.75 Million

Sunday, 4 August, 2019

Brokerages expect Steelcase Inc. (NYSE:SCS) to post $980.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Steelcase’s earnings, with the lowest sales estimate coming in at $980.70 million and the highest estimate coming in at $980.80 million. Steelcase reported sales of $875.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The business is scheduled to announce its next quarterly earnings report on Thursday, September 19th.

 

Louisiana State Employees Retirement System Sells 800 Shares of Herman Miller, Inc.

Sunday, 4 August, 2019

Louisiana State Employees Retirement System trimmed its holdings in shares of Herman Miller, Inc. (NASDAQ:MLHR) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,000 shares of the business services provider’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Herman Miller were worth $666,000 as of its most recent filing with the SEC.

 

Microsoft, Steelcase Deliver Huddle Rooms on Wheels with Surface Hub 2S

Wednesday, 28 June, 2019

Microsoft has begun shipping the new Surface Hub 2S, its video conferencing digital whiteboard platform that aims to address the emerging desire among customers to create mobile huddle rooms on the fly. Introduced earlier this year, Microsoft has partnered with office furniture maker Steelcase to develop a custom cart on wheels optimized to move and create ad hoc video conferences.

 

Inscape Announces Fiscal Year 2019 Fourth Quarter Results

Thursday, 27 June, 2019

Inscape (TSX: INQ), a leading designer and manufacturer of furnishings for the workplace, today announced its fourth quarter financial results ended April 30, 2019.  Sales in the fourth quarter of fiscal year 2019 were $18.6 million, an increase of 7.7% compared to the same quarter of the prior year on a comparable basis when excluding prior year sales from an exited business unit. Including prior year sales from the exited business unit, sales were down 13.4% compared to the same quarter of the prior year. Sales for fiscal year 2019 were 9.2% higher than the prior year sales excluding an exited business unit.

 

Harvey Norman Acquires Bowermans Office Furniture

Wednesday, 26 June, 2019

Australian retailer Harvey Norman has continued its diversification with the reported purchase of nationwide office fit-out specialist, Bowermans Office Furniture.

On Bowermans’ current website, it states it is now “A specialised department of Harvey Norman Commerical Division.”

It appears that Bowermans will continue business as normal, but with added support and business development.

Herman Miller CEO says company can’t find employees without LGBTQ protections

Monday, 24 June 2019

ZEELAND, Mich. – Office furniture giant Herman Miller CEO Andi Owen says her company is struggling to attract talented workers because its home state of Michigan lacks civil protections for LGBTQ people.
In a conversation Michigan Radio’s Lester Graham, Owen said some potential employees have voiced worry about the lack of non-discrimination protections in the state of Michigan.

 

Herman Miller leaving Mart for Fulton Market

Tuesday, 11 June, 2019

After 80 years at the riverfront giant, the furniture company is moving its showroom to a new development in the trendy corridor.

furniture company and longtime tenant in the Mart is leaving the building after eight decades for a new home in the Fulton Market District, following the lead of another prominent furniture maker that recently made the same move.

Herman Miller, which opened its first Mart showroom in 1939, leased an entire mixed-use development planned at 1100 W. Fulton Market, where it will move late next year, the company confirmed.

Steelcase Partners With Moooi and Moooi Carpets for North American Market

Wednesday, 7 June 2019

Steelcase and Moooi announced yesterday a new creative partnership for the North American market. Through Steelcase’s vast dealer network, designers will have access to an array of Moooi-designed carpets, lighting, furniture, and accessories for their workplace projects. The collection will be available in Fall 2019.