$620.70 Million in Sales Expected for HNI Corp (HNI) This Quarter

Wall Street brokerages forecast that HNI Corp (NYSE:HNI) will report sales of $620.70 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for HNI’s earnings. The highest sales estimate is $623.00 million and the lowest is $618.40 million. HNI posted sales of $599.46 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The business is expected to issue its next quarterly earnings report on Monday, October 22nd.

According to Zacks, analysts expect that HNI will report full-year sales of $2.28 billion for the current year, with estimates ranging from $2.27 billion to $2.28 billion. For the next financial year, analysts expect that the firm will post sales of $2.37 billion per share, with estimates ranging from $2.36 billion to $2.38 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow HNI.

Read more: (MAREA INFORMATIVE FINANCIAL NEWS AND ANALYSIS) https://www.mareainformativa.com/2018/09/04/620-70-million-in-sales-expected-for-hni-corp-hni-this-quarter.html

Sales Training Workshops for Sales Professionals in Office Furniture, Storage Systems and Interior Fit-out – November 6-9, 2018 – London, UK

PLAN Business Development in association with JSA Consultancy Services are proud to present a series of 4 workshops, tailored to the building interiors sector and designed to prepare your sales team for 2019. Designed for both new and established salespeople, the workshops will provide thorough training in the key selling skills needed to be successful in office, storage systems and interior fit-out sales.

Read more: (PLAN) http://www.plangb.com/training

DTI opens new markets for Philippine furniture exporters

THE Department of Trade and Industry (DTI), through its Export Marketing Bureau (EMB), in collaboration with the Philippine Trade and Investment Center (PTIC) in Seoul and the Asean Korea Centre (AKC) are supporting Philippine exporters in expanding their market reach in South Korea through the country’s participation at the Korea International Furniture and Interior Fair (Kofurn) 2018.

The fair runs from August 29 to September 2 at the Korea International Exhibition Center in Gyeonggi, South Korea.

Ten Philippine companies assisted by the DTI-EMB through its Regional Interactive Platform for Philippine Exporters (Ripples) Plus Program were selected by the AKC to showcase their products and services at the AKC Asean Exhibition Area of the Kofurn.

Read more: (SUNSTAR PUBLISHING, INC) https://www.sunstar.com.ph/article/1761994

HNI Corp (HNI) Expected to Announce Quarterly Sales of $620.70 Million

Wall Street analysts predict that HNI Corp (NYSE:HNI) will post sales of $620.70 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for HNI’s earnings. The highest sales estimate is $623.00 million and the lowest is $618.40 million. HNI posted sales of $599.46 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The business is scheduled to report its next quarterly earnings results on Monday, October 22nd.

According to Zacks, analysts expect that HNI will report full year sales of $2.28 billion for the current financial year, with estimates ranging from $2.27 billion to $2.28 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.37 billion per share, with estimates ranging from $2.36 billion to $2.38 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for HNI.

Read more: (MAREA INFORMATIVE FINANCIAL NEWS AND ANALYSIS) https://www.mareainformativa.com/2018/08/23/hni-corp-hni-expected-to-announce-quarterly-sales-of-620-70-million.html

 

Herman Miller Elects Andi Owen as Next President and Chief Executive Officer

Herman Miller, Inc. (Nasdaq: MLHR), the global designer and furniture manufacturer, announced today that Andi Owen has been elected by the Board of Directors to succeed Brian C. Walker as the Company’s next President and Chief Executive Officer, effective August 22, 2018. Ms. Owen was also elected to the Company’s Board of Directors as of August 22. She joins Herman Miller after a 25-year career at Gap Inc., where she most recently served as Global President of Banana Republic, leading 11,000 employees in over 600 stores across 27 countries. The appointment is part of a previously-announced leadership succession planning process.

Michael A. Volkema, Chairman of the Board, stated, “We are deeply grateful to Brian for his leadership and many achievements during his long career with Herman Miller. The Company remains focused on the strategy Brian put in place, which has collectively grown the business, expanded our multi-channel capabilities, and accelerated the Company’s positive momentum.”

Mr. Volkema added, “Under Andi’s leadership, the business will seize opportunities that will lead to growth in new markets for both contract and consumer customers. Andi has the right gifts, talents, and expertise to accomplish this mission. She understands how to realize the potential of a brand amidst changing customer preferences and habits. We are thrilled to welcome her onboard.”

Read more: (HERMAN MILLER) https://www.hermanmiller.com/press/press-releases/aug-15-2018/

Nowy Styl expands to Dubai

POLAND/UNITED ARAB EMIRATES Office furniture suppliers and interior designers Nowy Styl has taken a 60 pct stake in Stylis Dubai in a joint venture with Saudi Arabian partner Stylis which holds a 40 pct stake.

The new company is to sell office and hotel furniture throughout the Middle East region. “We’ve been in the United Arab Emirates for several years and we have a branch in Dubai. In recent years, we’ve been working closely with Saudi company Stylis, for whom we’ve started to produce hotel furniture in Poland. By combining our know-how with that of our partner’s, we have created services that local investors value. In six years, we have furnished 21 four- and five-star hotels with 5,795 rooms. This deal will allow us to develop our interior design services for hotels under the Stylis brand for the whole Persian Gulf region,” says Adam Krzanowski, the CEO of the Nowy Styl group.

“Our partnership with Nowy Styl gives us new development opportunities. Their international experience, manufacturing capabilities and extensive product knowledge enables us to create functional and aesthetically pleasing hotel furniture and to meet the expectations of our most important clients,” stated Hesham Ibrahim, the co-owner of Stylis Dubai. Nowy Styl has just started furnishing the Safir I hotel and work on Safir II will start in a few weeks. Nowy Styl has a 1.200 sqm showroom in Dubai and under the partnership agreement Stylis Dubai will target all the countries of the Middle East except for Saudi Arabia which is to be served by Stylis itself.

Source Link: (UROBUILDCEEhttp://english.eurobuildcee.com/?page=news&id=25330

Bluefish announces acquisition of Halcyon

The Bluefish Group, based in Northampton, has acquired Halcyon Office Solutions, which is also based in the town.

The acquisition is the fourth for The Bluefish Group and is part of a wider growth plan which has seen the Bluefish Group expand across the East Midlands.

Halcyon Office Solutions has been operating for 30 years and has made a name for itself in the education sector, supplying stationery, furniture, computer hardware and accessories, and other office products to a number of schools and education trusts.

Mark Heath, Managing Director of The Bluefish Group said, “Bluefish has been operating since 2000 and has grown consistently year on year in that time. We see Halcyon as substantial asset purchase which has complete synergy with the Bluefish Group and brings with it a fantastic 30 years of knowledge and experience, great people and values that make it a good fit culturally too.

Read more: (CHANNEL INFO) http://www.channelinfo.net/bluefish-announces-acquisition-of-halcyon

Complete acquires OfficeGold, Simply Outsourced and Anglo Office Group

Complete Business Solutions Group Holdings Limited (Complete) has acquired OfficeGold, Simply Outsourced and Anglo Office Group in July, taking Complete above £100m in annual turnover.

Guildford based OfficeGold are an £11m turnover business supplies and services company who also provide value-added business/ managed services including food and beverages.

Richard Coulson, CEO of Complete said, “OG are a fantastic business and an excellent addition to Complete. Michael Loftus, managing director, and his excellent team are already orienting the company into business services.  We are aligned on what the future needs to look like and we are excited to be working together. We already have a base in Surrey and Hampshire and this acquisition gives our presence there a real boost.”

Read more: (CHANNEL INFO) http://www.channelinfo.net/complete-acquires-officegold-simply-outsourced-and-anglo-office-group

WeWork China unit value jumps to $5bn after fresh fundraising

Japan’s SoftBank, its Saudi-backed Vision Fund and the Singapore sovereign wealth fund Temasek are ploughing money into a WeWork subsidiary in China, lifting its value fivefold to $5bn.

The $500m investment round also drew the backing of private equity firms Trustbridge Partners and Hony Capital, according to people with knowledge of the deal.

A year ago a similar $500m funding round, led by SoftBank and Hony Capital valued the China subsidiary at $1bn.

The shared office space provider has become a giant in the global property market, buying or leasing landmark buildings including the Lord & Taylor department store on Manhattan’s Fifth Avenue and One Poultry in the City of London. It is also seeking to lease the century-old Flatiron Building in New York.

Read more: (THE FINANCIAL TIMES LTD) https://www.ft.com/content/b4d1c010-90dd-11e8-b639-7680cedcc421

Furniture manufacturer Steelcase to set foot in Dhaka

Dhaka, July 26 (UNB) – Steelcase, the global leader in office furniture and innovative workspace solutions, is set to open its first dealer showroom in Bangladesh on August 9 next.

Developed in partnership with Work Space Technology, the new showroom in the capital city of Dhaka will further strengthen the presence of Steelcase in the Asia-Pacific region, said a press release on Thursday.

After the launch of the Sri Lanka dealership early in the year, this is the 2nd country that will have Steelcase’s presence in South Asia.

The upcoming showroom will open doors to local and international businesses in Bangladesh, and provide them with comprehensive workplace research, latest trends and a thorough knowledge quotient from all around the globe, the press release added.

Read more: (United News of Bangladesh UNB) http://www.unb.com.bd/bangladesh-news/Furniture-manufacturer-Steelcase-to-set-foot-in-Dhaka%C2%A0/76340