Posts

MillerKnoll : Knoll to debut new brand pavilion and refreshed design direction at Salone Internazionale del Mobile 2023

18 April, 2023

Milan, 18 April 2023 – At this year’s Salone Internazionale del Mobile, Knoll will debut a renewed design direction, led by Jonathan Olivares, Senior Vice President of Design, beginning with the introduction of the all-new Salone del Mobile pavilion. The pavilion-designed by OFFICE, the studio founded by Belgian architect duo Kersten Geers and David Van Severen– refers to the domestic scale, providing rooms, gathering spaces and gardens, and is built with recycled and recyclable materials.

MILLERKNOLL, INC. : Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

12 April, 2023

The following is management's discussion and analysis of certain significant
factors that affected the Company's financial condition, earnings and cash flows
during the periods included in the accompanying Condensed Consolidated Financial
Statements and should be read in conjunction with the Company's Annual Report on
Form 10-K for the fiscal year ended May 28, 2022. References to "Notes" are to
the footnotes included in the accompanying Condensed Consolidated Financial
Statements.

Louisiana State Employees Retirement System Increases Holdings in MillerKnoll, Inc. by 77.7%: Impressive Q1 2023 Results and Growth Prospects

9 April, 2023

On April 9, 2023, financial markets buzzed with news of Louisiana State Employees Retirement System’s decision to increase their holdings in MillerKnoll, Inc. by a staggering 77.7%. As per the company’s SEC filing, the fund had acquired an additional 15,700 shares during Q4 2022, bringing their total stake to 35,900 shares worth approximately $754,000.

Bank of New York Mellon Trims Position in MillerKnoll, Inc. as Furniture Manufacturer Posts Impressive Q1 Results

2 April, 2023

MillerKnoll, Inc. (NASDAQ: MLKN), a leading manufacturer of household and office furniture, has recently seen a minor change in the number of shares owned by Bank of New York Mellon Corp. The financial institution trimmed its position by 5.2% during the third quarter, selling over 57 thousand shares on the market according to its latest 13F filing with the Securities and Exchange Commission. As of the most recent reporting period, Bank of New York Mellon Corp owned approximately 1.38% of MillerKnoll stock, worth $16,315,000.

MillerKnoll to permanently close Wisconsin plant, laying off 162

30 March, 2023

SHEBOYGAN, Wis. – Office furniture giant MillerKnoll will permanently close its manufacturing facility in Sheboygan, Wis., laying off 162 employees.

According to a Worker Adjustment and Retraining Notification (WARN) Act notice filed at the end of March, the company will phase out all operations at the plant over the coming months. By Sept. 29, the plant will be completely shut down.

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.