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MillerKnoll CEO sparks backlash after telling employees to “leave Pity City” over lack of bonuses

30 March, 2023

The CEO of a high-end office furniture company is sparking a backlash over a video in which she exhorts employees to “leave Pity City” after some asked about staying motivated if employees don’t receive bonuses this year.

Andi Owen, whose company MillerKnoll sells the iconic Herman Miller Aeron chair, along with other upscale furniture, responded in a 1 minute, 21-second video clip that some social media users blasted as “unhinged,” “nasty” and “toxic.”

Owen made the remarks as part of a 75-minute online meeting with workers, the company said in an email to CBS MoneyWatch. It added that the clip “loses the context of the broader discussion.”

MillerKnoll to cease operating Fully as a stand-alone brand

29 March, 2023

ZEELAND, Mich. — In its third quarter results, MillerKnoll announced targeted actions aimed at reducing costs and improving operating efficiencies, including deciding to cease operating its Fully division as a stand-alone brand and instead sell select Fully products through its Design Within Reach and Herman Miller eCommerce sites.

MillerKnoll sees Q3 sales decline, cites economic uncertainty

23 March, 2023

ZEELAND, Mich. – Contract furniture giant MillerKnoll reported third quarter sales of $984.7 million, a decline of 4.4% over last year and a nearly 8% dip from last quarter.

Orders in the quarter hit $885.4 million, down 19.2% over same period last year. Consolidated operating expenses for the quarter were $314.4 million, compared with $310.3 million in the prior year.

MillerKnoll is Now Oversold (MLKN)

20 March, 2023

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

MillerKnoll leverages Amperity platform to enhance data strategy

13 March, 2023

ZEELAND — MillerKnoll is teaming up with customer data platform Amperity to boost its data strategy.

The Zeeland-based office furniture manufacturer has selected Amperity to help maximize its omnichannel data and reach more customers through personalized experiences.

Amperity offers a unified view for companies to understand data across all touchpoints. The platform has been used by brands such as Kroger, Planet Fitness, Under Armour, Lucky Brand, Alaska Airlines and Wyndham Hotels & Resorts.

Petrus Trust Company LTA Invests in MillerKnoll, Inc. (NASDAQ:MLKN)

8 March, 2023

The most recent document filed with the SEC indicates that Petrus Trust Company LTA completed the acquisition of MillerKnoll, INC (NASDAQ: MLKN) during the third quarter of this year.

The institutional investor spent nearly $188,000 to purchase 12,035 shares of the company’s stock, bringing the total amount spent to approximately $188,000.

MillerKnoll 3D Leader, La-Z-Boy Alumna Join 3D Cloud by Marxent Advisory Board

23 February, 2023

ST. PETERSBURG, Fla.Feb. 23, 2023 /PRNewswire/ — Today 3D Cloud™ by Marxent, the 3D experience platform for furniture and home improvement, announced the appointment of Lorna Jean Marcuzzo of MillerKnoll and Gail Applin, formerly of La-Z-Boy, to the 3D Cloud by Marxent Advisory Board. The Advisory Board is comprised of industry veterans from across home improvement, contract furniture, home furnishings, and adjacent industries.

Marcuzzo, currently Senior Digital Product Manager for 3D Visualization at MillerKnoll, brings over a decade of experience in the contract furniture space with a focus on innovation. Similarly, Applin served as Director of eCommerce and Interactive Customer Experience at La-Z-Boy for nearly a decade and is presently Director of E-Commerce Strategy and Operations for Smith & Noble.

‘A promise realized’: MillerKnoll hopes to seize combined potential in 2023

9 February, 2023

MillerKnoll leadership said it hopes 2023 will be the year the combined entity gets to embrace its market potential.

It’s been nearly two years since Herman Miller announced its acquisition of Knoll, seeking to amplify the combined business as a leader in modern design. The companies at the time said they hoped to catalyze the transformation of the home and office sector at a time of unprecedented disruption.

MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Retirement Systems of Alabama

2 February, 2023

Retirement Systems of Alabama lessened its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,293 shares of the company’s stock after selling 552 shares during the quarter. Retirement Systems of Alabama owned 0.13% of MillerKnoll worth $1,549,000 at the end of the most recent quarter.

 

Ceredex Value Advisors LLC Cuts Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

28 January, 2023

Ceredex Value Advisors LLC reduced its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 377,900 shares of the company’s stock after selling 9,567 shares during the quarter. Ceredex Value Advisors LLC owned about 0.50% of MillerKnoll worth $5,967,000 as of its most recent filing with the Securities and Exchange Commission.