Knoll adjusts office furniture mix during bumpy 2020

Wednesday, 17 February 2021

EAST GREENVILLE, Pa. – Knoll Inc. said it is well positioned for 2021 after adjusting its marketing and manufacturing strategies to meet the needs of post-pandemic hybrid workplaces.

Knoll, ranked No. 14 in the FDMC 300, reported net earnings of $7.7 million for 2020, a precipitous drop from $59.8 million in 2019. The company’s 2020 sales totaled $1.236 billion in 2020, a 13.4% decrease from 2019. The decline was especially pronounced in the company’s commercial office furniture category. Workplace sales plunged 22% as COVID-19 forced millions of Americans to work from home and prompted many businesses to hit the pause button on office furniture purchases.

 

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