Steelcase: The Workspace Comeback Play

Monday, 17 May, 2021

Steelcase (SCS), one of the largest furniture and workspace appliances manufacturers in the United States, has seen some difficult times due to the COVID-19 pandemic. Since millions of office workers have been working from home since early 2020, they haven’t been spending as much in office upgrades and overall workspace improvements as they typically do during the work cycle. As a result, Steelcase has seen a dramatic drop in revenues and earnings in 2020 and they expect 2021 to be just marginally better.

 

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