Net sales were $120.8 million for the quarter ended March 31, 2017, compared to net sales of $125.4 million in the prior year quarter, a decrease of 3.7%. Net sales were $351.3 million for the nine months ended March 31, 2017, compared to record net sales of $377.3 million in the prior year period, a decrease of 6.9%.
TEKNION OPENS NEW SHOWROOM IN DOWNTOWN LOS ANGELES
Teknion Corporation announced the opening of a new Los Angeles showroom. Situated on the 41st floor of the Ernst & Young Plaza, the showroom provides clients with an accessible location in the city’s burgeoning downtown. Framed by windows on three sides, the 8,650-square-foot space (804 m²) offers visitors panoramic views of the Los Angeles skyline to the Pacific Ocean.
HNI Corporation Reports Sales Decline for First Quarter Fiscal Year 2017
HNI Corporation today announced sales for the first quarter ended April 1, 2017 of $477.7 million and net income of $4.8 million. Office furniture sales declined 7.1% (GAAP) to $360 million. On an organic basis, sales decreased 4.9 percent.
WATCH: Jim Keane on Sustainable Growth at Steelcase
Many people think of Steelcase as a furniture company, but really, we are in the people business. Inclusion isn't just about what we believe—it's what we do every day to act on those beliefs. Inclusiveness, authenticity, and transparency benefit us all.
Humanscale Announces Five Sustainable Initiatives
Humanscale is announcing several new sustainable initiatives that aid in its mission to create a net positive impact on the earth. As the first company to achieve full Living Product Challenge certification with not one, but two products, Humanscale takes sustainability seriously. Never complacent, Humanscale is taking on the Net Positive Project. It also aims to be the first manufacturer in the industry to have Health Product Declarations for all products. Humanscale is also announcing a partnership with WeSpire to provide each employee with content and inspiration to take action and impact social and environmental outcomes beyond the workplace. Humanscale is hosting an Earth Day event in their New Jersey manufacturing facility to demonstrate its commitment to sustainable design and manufacturing and to educate the local community. From its production facilities to its products to its people, Humanscale is engaging all aspects of the company to ensure it meets its goal.
Just Released: Steelcase Foundation Annual Report
The Dial Table: Humanscale and Todd Bracher Launch New Biological Lighting Concept During Salone del Mobile
Humanscale has previewed its new biological lighting technology through an experiential RE:CHARGE Cafe which hosted over 15,000 people during Salone del Mobile in Milan. Located in the heart of the city's Brera design district, Humanscale debuted this new technology with 'The Dial Table' which enabled visitors to play with the light frequency, changing it in accordance with the time of day to mimic natural light.
WATCH: Kartell's 50th Anniversary Party
A timeless classic, incessantly projected towards the future: The Componibili have just turned 50 and Kartell is dedicating a special event to this timeless icon created by Anna Castelli Ferrieri which immediately became a long-time bestseller of the brand. To celebrate this anniversary, designers, curators, critics and intellectuals from all over the world have been invited to make their own personal contribution.
To mark the opening of the Salone del Mobile 2017 the Milanese flagship store in via Turati will host an exhibition to be inaugurated on Tuesday 4 April and scheduled to run until 9 April.
FERN & HARBOR WORK LOUNGE WIN RED DOT FOR HIGH QUALITY DESIGN
The jury has reached its decision: After several days of assessing thousands of products from all over the world, Fern and Harbor Work Lounge received the distinction “Red Dot.” With these products, Haworth has created an outstanding design that the expert committee for the Red Dot Award: Product Design 2017 has recognised with the internationally sought-after seal of quality.
Miller, Steelcase Stocks Rise after Upgrade
Shares of office furniture companies Steelcase and Herman Miller rose Thursday after upgrades on both stocks, following their recent earnings reports.
Herman Miller Reports Third Quarter Fiscal 2017 Results
Net sales in the quarter totaled $524.9 million, a decrease of 2.2% from the same quarter last fiscal year. New orders in the third quarter of $543.2 million were 6.8% above the prior year level.
Steelcase Reports Fourth Quarter and Fiscal 2017 Results
The Americas posted 5% order growth in the fourth quarter, driven by continued strength of project business. Asia Pacific posted record levels of quarterly orders and revenue in the fourth quarter, capping off a strong year of growth. For the full fiscal year, consolidated results reflect the second highest operating income and the highest operating income margin since fiscal 2001.
Power to the People: New Design Encourages Workers to Take It Outside
While all the meteorologists are focusing on the winter storm this week, we’re still setting our sights on spring with a look at the exciting new and recent products for enjoying outdoor environments. In today’s spotlight: GO from Landscape Forms.
A couple years ago, you may recall, the Kalamazoo, Michigan–based manufacturer of site furniture and lighting brought power to the people quite literally in the form of outdoor-rated all-weather charging stations created in collaboration with power receptacle brand Legrand. Now, for GO, Landscape Forms has integrated similar tech into a sleek piece of site furniture that’s geared toward public and commercial spaces.
Watch: Unlocking People’s Creative Potential at Work
“Everyone who is a leader of a company is trying to figure out how to unlock people’s potential,” said James Ludwig, vice president of global design for Steelcase. Ludwig joined Ralf Groene, general manager of device design at Microsoft, for a panel discussion ahead of the New York Times’ 2017 New Work Summit about how leaders can harness the creativity of their people and their organizations.The moderated discussion sponsored by Steelcase took place on the same day Microsoft and Steelcase announced a new partnership to support creativity in the workplace.
Inscape Announces Third Quarter Results
Sales in the third quarter of fiscal year 2017 of $23.4 million were 2% higher than the previous year, while net income improved to $1.8 million or 13 cents per share compared to a net loss of $2.2 million or 15 cents per share in the same quarter of the previous year.
The office furniture of the future actually looks pretty good
There is a secret language to office furniture. The design, the size, the placement — they all communicate something. In most cases it's simply, "This work is sending me to sleep, please kill me."
That situation seems unfair, given that modern jobs are often anything but boring. Yes, we have open floor plans, but does the environment reflect the creativity that exists in even the most mundane jobs (looking at you, accounting)?
DIRTT Announces Record Q4 and 2016 Annual Results
Revenue increased by $13.3 million, or 20.5%, for Q4 2016 compared with Q4 2015. This increase was achieved despite continued challenges in the energy sector, previously our largest industry segment, which declined as a percentage of revenue from 7% in 2015 to only 2% in the current period. This decrease was more than offset by a general increase in activity from small and medium-sized projects across a diverse range of industry segments including healthcare, which increased from 12% in Q4 2015 to 16% of revenue in Q4 2016; and government, which increased from 3% in Q4 2015 to 12% of revenue in Q4 2016.
Jim Keane on the Future of Work with Microsoft
Growth and innovation are top of mind issues when I speak with business leaders around the world. One of those conversations included Microsoft’s CEO, Satya Nadella. Three years ago, we were both new to our roles and facing a similar challenge: shifting priorities from efficiency to growth. This kind of change not only requires a reallocation of resources — it necessitates a change in culture and a new way of leading. At my first meeting with our management, I quoted Satya challenging Microsoft to recognize innovation and foster its growth. I thought his words reflected a unique perspective on the emergent nature of true innovation and the evolving role of leadership to fuel creativity.
When Satya and I later talked, we recognized the customers we served were facing the same hurdles around innovation and creativity. So, we asked our teams to think about how our companies could work together to be more helpful to those facing this challenge.
Big Screen Benefits: Why You Need Art at Work
When you go see a movie, you’re going to get an all-consuming, immersive experience. The screen is generally five to eight stories high. The colors are vibrant. The story takes you places. Your brain gets to take a break from the real world and science tells us that’s a good thing. By giving our brains a break, we improve focus, sharpness and motivation. After all, if art in the theater is important enough to deserve a televised awards gala, why not put more emphasis on it to support creativity in the workplace? Creativity isn’t just for movie stars and screenwriters. We face global issues that require us all to unleash our creative potential to solve problems and generate ideas.
THE HON COMPANY UNVEILS REDESIGNED WEBSITE
The HON Company recently announced the launch of a new, redesigned version of hon.com. The site provides a modern, refreshed look and simplified design, as well as a more engaging user experience with enhanced search and navigation.