Posts

IKEA trials leasing office furniture

Tuesday, 5 February, 2019

Swedish retailer IKEA is piloting a new rental model for office furniture as part of a new strategic direction. The trial is set to begin in Switzerland later this month and offers businesses the ability to lease furniture.

Steelcase broadens Bolia relationship

Tuesday, 18 September, 2018

Office furniture vendor Steelcase has expanded its relationship with Danish furniture designer Bolia, entering into new territories.

Steelcase will offer an exclusive curated collection of Bolia designs to its customers in North America and Asia Pacific, building on the current partnership in EMEA.

HNI Q2 sales improve

Wednesday, 25 July, 2018

HNI, parent company of HON office furniture brand, reported improved sales and better than expected results for Q2 2018.

After issuing a profit warning last year due to disappointing sales, the company has seen a stronger performance this quarter as investments made in product, selling, and fulfilment capabilities begin to pay dividends.

Office furniture sales increased 7.8% on an organic basis to $423.9 million, driven by increases in the supplies-driven North American contract and international business. However, this was partially offset by the impact of closing and divesting small office furniture companies, which decreased sales by $13.2 million compared to the same period last year. Meanwhile, adjusted operating profit fell by 18% to $20.9 million.

Steelcase survey reveals informal space trend

A recent study by office furniture vendor Steelcase has shed some light on what people really want from their workplace.

A survey of global office employees revealed that although 77% have their own assigned workstations such as a desk or cubicle, 87% spend as many as four hours every day working elsewhere in so-called ‘informal spaces’.

The inclination towards this kind of space – which includes lounge areas, cafes, bars and break rooms – is fuelled by an increasing need to move away from the desk, with 51% saying they wanted an escape from sitting at the same place each day.

Nearly a quarter of respondents (24%) said they used informal areas for quiet or focused work, supporting the findings of a similar study by design firm Unispace.

Knoll Q4 furniture sales recover

Knoll’s expansion into new product lines has paid off for the office furniture maker, as Q4 sales returned to growth.
For the three months ended 31 December 2017, sales in its Office segment rose 9.9% to $198.9 million.
However, adjusted operating profit fell 12% to $15.7 million as one-off impairments, acquisition costs and changes in tax law during the quarter weighed down margins.
For FY2017, the category reported sales of $682.9 million, 6% lower than the previous year, thanks to a poor performance in Q1 and Q2.