Displaying items tagged: Steelcase Inc
Return-to-office delays, economic pressures weigh on sales for MillerKnoll, Steelcase
Executives at MillerKnoll Inc. and Steelcase Inc. expect that their sales will ease slightly in the months ahead.
Manufacturers, conservation group partner on sustainability programming
The Michigan Manufacturers Association is continuing a partnership with The Nature Conservancy in Michigan that offers resources and workshops for companies seeking to adopt environmental and clean energy strategies into their operations.
New ventures, bankruptcies and batteries: The 10 most-read manufacturing stories of 2022
West Michigan’s manufacturing sector experienced a mix of highs and lows in 2022, as several major ventures plan to bring in billions of dollars in new investments while other companies contended with inflation, supply chain disruptions and labor availability.
MillerKnoll, Steelcase expect flat to lower sales this quarter as order rates soften
MillerKnoll Inc. and Steelcase Inc. both expect flat to lower sales for the present quarter going into 2023 amid softer order rates.
Return-to-office uncertainty softening orders for furniture giants
The office furniture industry’s two largest players expect slower sales but also growth in the near term as employers face an uncertain economy and they reshape their offices to accommodate hybrid work models.
Steelcase execs attribute salaried job cuts to ‘dark clouds,’ slow adoption of hybrid work models
GRAND RAPIDS — Steelcase Inc.’s plan to eliminate up to 180 salaried positions this fall comes as the economy faces what CFO and Senior Vice President Dave Sylvester calls “dark clouds” and as the office furniture maker has experienced reduced incoming orders in recent weeks.
Steelcase to slash 180 salaried positions, citing current slump in new orders
GRAND RAPIDS — Citing a 20-percent decline in incoming orders during the first few weeks of its current quarter, Steelcase Inc. plans to cut up to 180 salaried positions and has reduced its quarterly dividend.
Despite price increases, Steelcase records $11.4M quarterly loss amid high inflation, fuel costs
GRAND RAPIDS — High inflation led Steelcase Inc. to record a loss in the most recent quarter despite strong double-digit sales growth and multiple price increases.
People in the News: June 6, 2022
Here is the MiBiz People in the news report for June 6, 2022
Wolverine World Wide innovation team aims to solve key challenges for company brands
When outdoor footwear brand Merrell sought a fresh idea to promote sustainability and conservation, it turned to the innovation team at parent company Wolverine World Wide Inc.
MiBiz Growth Report: May 9, 2022
Here is the MiBiz Growth report for May 9, 2022:
‘HERE TO STAY’: Furniture makers accelerate e-commerce options during pandemic
Prior to 2020, Holland-based furniture maker Haworth Inc. had just one or two team members overseeing the company’s entire e-commerce segment.
Several West Michigan companies earn perfect scores for LGBTQ equality in workplace
Several large West Michigan-based companies earned a perfect score on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, a tool that scores how well businesses support LGBTQ people.
Startup eyes major ‘infrastructure play’ with renewable energy-powered cell towers
A Brighton-based startup has lofty goals to help build out a nationwide 5G network that combines renewable energy, high-speed telecommunications and advanced mobility.
Software firms see spike in demand as pandemic drives more automation
Custom software firms are seeing increased demand for services as the COVID-19 pandemic prompts businesses in virtually all industries to take a hard look at their digital transformation plans.
Office furniture manufacturers engage customers to navigate hybrid work future
Ryan Anderson and his team at MillerKnoll Inc. found themselves consulting with customers much more than usual over the past year.
Steelcase acquires longtime design partner in all cash deal
GRAND RAPIDS — Global office furniture maker Steelcase Inc. has acquired one of its longtime collaborative design partners in an all cash deal.
New Steelcase CEO sees opportunity in rapidly shifting office furniture industry
Early this month, longtime Steelcase Inc. corporate leader Sara Armbruster became the company’s 10th CEO in its 109-year history. Armbruster has been with Steelcase since 2007 and served as vice president of strategy, research and digital transformation since February 2018.
Armbruster takes over as Steelcase president and CEO
GRAND RAPIDS — Sara Armbruster has taken over as president and CEO of global office furniture manufacturer Steelcase Inc., the company announced today.
Steelcase CEO: Federal vaccine mandates ‘a real positive for our business’
GRAND RAPIDS — While business leaders generally view the Biden administration’s vaccine mandate as an added burden on employers, Steelcase Inc. President and CEO Jim Keane thinks it could help accelerate the return to normalcy and prop up the struggling contract furniture industry.
Despite sluggish earnings, Steelcase still expects profitable first half of FY2022
GRAND RAPIDS — While office furniture giant Steelcase Inc. continues to reel from the initial shock of the COVID-19 pandemic, its first quarter fiscal year 2022 results announced Thursday showed sequential growth and a road to profitability.
Whitmer signs legislation supporting self distribution for craft distillers
GRAND RAPIDS — Gov. Gretchen Whitmer has signed legislation that eases restrictions on the self distribution of spirits while also giving local distillers an easier path to bring canned cocktails to market.
Leaders of West Michigan’s big three furniture makers forecast the post-pandemic workplace
GRAND RAPIDS — As business leaders across industries grapple with their approach to the workplace in a post-pandemic era, The Economic Club of Grand Rapids provided insight on the topic from some of the most influential players in office furniture.
Blockbuster deal comes amid short-term furniture industry upheaval, long-term optimism
Gilbert Rhode’s vision from nearly a century ago fits today’s changing furniture design landscape as Herman Miller Inc. proposes to buy competitor Knoll Inc.
Workspace designers consider multigenerational needs of employees
The Generation Z workforce — once thought of as craving the opportunity to work from home, where they find flexibility and freedom from the watchful eye of a superior — happens to be the demographic that is most eager to return to the office.
Outgoing CEO ‘never been more excited’ about Steelcase’s future
After serving with global office furniture maker Steelcase Inc. for 25 years, and the last seven as CEO, Jim Keane recently announced he would step away from his leading role this fall when he will be replaced by executive vice president and incoming CEO Sara Armbruster.
Steelcase leader Jim Keane to retire; Sara Armbruster named company’s 10th CEO
GRAND RAPIDS — Global furniture maker Steelcase Inc. announced today its timeline for a transition at the company’s top executive role.
Grand Rapids officials, arts organizers explore a revived arts council
Grand Rapids officials say part of the city’s post-pandemic rebound for events and entertainment should include a focus on reviving a local arts council to coordinate funding and programs.
Designer Joey Ruiter leaves minimalist mark on vehicle, furniture industries
Not many designers — if any — feature a portfolio of work quite like Joey Ruiter.
State advisory group to form office safety recommendations
The COVID-19 vaccine is “the ticket out” of the pandemic and will play a key role in employees’ return to the workplace, state officials said Monday while announcing a workgroup to provide recommendations for office safety.