Latest news with #Steelcase
Zawya
6 days ago
- Business
- Zawya
WORKSPACE an ‘ideal platform' to connect with businesses to reimagine their workplaces
Ergonomic chairs, soundproof pods, and rotatable models all on show at three-day exhibition, which runs until today at Dubai World Trade Centre Dubai, UAE: Now in its 22nd year, WORKSPACE, the Middle East and North Africa's premier exhibition for workspace design, office interiors, and workplace technology, is championing the industry's latest product launches this week, with engaging panel discussions centred around Artificial Intelligence, employee wellbeing, and human-centric social places at work. The three-day show is running at Dubai World Trade Centre until today (May 29). WORKSPACE is co-located alongside The Hotel Show, INDEX, and HITEC, with organizers dmg events expecting 35,000 visitors and welcoming more than 900 exhibitors from 48 countries. This year, WORKSPACE features exhibitors from across the USA, Germany, Italy, UAE, Türkiye, and South Korea, all of which are showcasing products, including office technology, wellness solutions, and office interiors, with key exhibitors including Haworth, Steelcase, Interstuhl, LAS, Dauphin, Alea, Frezza, Motif Interiors, Treelocate, and Diemme. Haworth, which focuses on designing functional, high-performance spaces that support evolving workplace needs, is showcasing new-to-market solutions that touch on a number of workplace design trends. 'We're pleased to return this year to showcase some of our latest innovations in workspace design,' said Deepak TD, Area Manager – Business Development, Middle East and Africa, at Haworth. 'These solutions reflect Haworth's global legacy of performance, sustainability, and user-centric design. From the Fern Digital Knit, crafted from 100 per cent recycled polyester yarn, to the Breck chair's weight-activated ergonomic support, each product is developed with comfort, flexibility, and the modern workplace in mind.' With privacy becoming increasingly important in larger office spaces, soundproof meeting pods have gained popularity in recent years. 'We've seen growing interest in private meeting spaces that blend in with wider design choices, which is why we are also showcasing our 'BuzziNest Office' privacy booth, as well as our 'YourPlace Echo' for agile environments and 'Hush Free' pods that support hybrid collaboration,' he added. Making its debut at WORKSPACE this year is leading UAE-based furniture wholesaler Arabian Oasis General Trading (AOGT). Speaking on their first participation, Jufeeth Mohammed, Managing Director of AOGT, said: 'WORKSPACE offers an ideal platform to connect with businesses looking to reimagine their spaces and explore more responsive, long-term office solutions. We are showcasing our latest range of wholesale office furniture and customised recliners, including sofas and rotatable models – all designed to support the evolving needs of modern workplaces.' A key highlight of the event, the WORKSPACE Summit, designed by BLUEHAUS is also underway with dedicated sessions and panel discussions on the necessity of human-centric social spaces, the integration of Artificial Intelligence into workplace design, and the evolving needs of employees. In one of the day's opening sessions, Ben Corrigan, Founder and Managing Director of BLUEHAUS, explored the fundamental importance of human connection in a world increasingly reliant on digital communications. According to Corrigan, while much of what we do can be accomplished online – especially evident during the COVID pandemic – he emphasized 'authentic social interaction remains irreplaceable'. 'We're human, no matter what direction we go in,' he said. 'Physical presence fosters genuine engagement that virtual tools cannot replicate.' To illustrate this, Corrigan recounted a personal story about designing a vibrant communal space in London that encouraged social interaction. The space thrived because it energized visitors, becoming the 'soul' of the workspace. When a similar concept was attempted in Dubai, it failed – until a simple experiment was conducted. 'All it took was increasing the background noise on some of the screens that we placed around the space, rather than overhauling the design,' he said. 'This subtle change made the space feel more familiar and comfortable. The quietness of the space before this minor change was putting people off. This led to the space being fully utilized by the company's employees after only one week, ticking that crucial part of the design brief - employee engagement. 'Beyond design and technology, it's how individuals feel in a space that truly matters. Despite technological advancements, the human need for connection, community, and belonging remains central.' With Artificial Intelligence now becoming commonplace in most work environments, the interior design industry is no different. In a session titled 'The AI Revolution – How Intelligent Tech is Redefining the Workplace', Jalil Benkiran, Managing Director, Ultraconfidentiel, said that over the past three years, his approach to AI had been centred around its role as an augmentation of imagination rather than a replacement for his designers. From the outset, Benkiran viewed AI as a tool to enhance the creative process, helping his team to explore new ideas, expand their horizons, and deepen their design insights: 'Our strategy has involved experimenting with a wide variety of AI tools – testing what emerges and identifying those that are most relevant to our workflow,' he said. 'The goal is to elevate the team's creative capabilities and facilitate operating exploration at a higher level. As one expert said 'AI is like a megaphone. If you don't have anything to say, then obviously the output isn't going to be impactful.' In our view, the core of meaningful use of AI lies in the initial input: The art direction, vision, and intent that designers inject into the system. The AI simply amplifies this input, acting as a digital extension of our creative minds. It pushes boundaries, offers new perspectives, and challenges us to think differently.' Benkiran has changed his mindset on what AI means to his business. 'We see AI as a virtual colleague sitting around the table with us: Helping, questioning, provoking, and prompting us not just to find perfect answers, but to ask new questions and explore uncharted territories. This collaborative partnership between human intuition and machine intelligence is shaping a new frontier of creativity, where technology empowers us to go deeper and wider in our design processes.' WORKSPACE 2025 runs alongside The Hotel Show, INDEX and HITEC from May 27-29 at Dubai World Trade Centre. For more information or to register to attend, visit: About dmg events dmg events is a leading organizer of face-to-face events and publisher of trade magazines and information services. Our aim is to create dynamic marketplaces to connect businesses with the right communities to accelerate their growth in today's rapidly evolving landscape. With a presence in over 25 countries and organizing more than 80 events each year, dmg events is a global leader in the industry. Attracting over 425,000 attendees and delegates annually, we organize events in the construction, hospitality, interiors & design, energy, coatings, entertainment, and transportation sectors. To better serve our customers, dmg events has offices in 10 countries, including Saudi Arabia, the UAE, Egypt, South Africa, the UK, Canada, and Singapore. By being on the ground, we can better understand market needs and nurture relationships to create unforgettable experiences for our attendees. Our flagship events including the Big 5 Global, The Hotel Show, INDEX, ADIPEC and Gastech. For more information visit Founded in 1989, dmg events is a wholly owned subsidiary of the Daily Mail and General Trust plc (DMGT, About WORKSPACE Workspace is the region's premier event for workplace solutions, technology and interiors. Workspace provides international suppliers the opportunity to showcase their innovations and products to a targeted group of buyers from across the MENA region. Alongside the exhibition, The Workspace Summit, brings together key stakeholders in workplace design, interior solutions, and corporate real estate to discuss the latest trends and insights.
Hypebeast
6 days ago
- Entertainment
- Hypebeast
Nik Bentel Studio's Loopy Chair Is Crafted From a Continuous Fiberglass Tube
AtICFF 2025, whimsical design houseNik Bentel Studiohas unveiled the Loopy Chair, an upgraded version of its 2019 prototype, now offered in a spectrum of primary colors and various fabrications. Formed from a continuously looping fiberglass tube, the functional chair boasts the playful character of a child's doodle, resulting in an 'animated sketch frozen in space.' In a surreal landscape, the studio created miniature versions of the chair in all its different colorways for the launch: white, black, blue, green, red, and yellow. The design finds its roots in the undulating tubular form of public bike racks found in major cities, and translates its form into a furniture piece for 'surreal living.' In life-size, the thinner design from 2019 is revived in a thickened frame, stronger materials, and fabrications fit for different uses. The standard high-gloss fiberglass version is joined by an outdoor version made from powder-coated steel and an indoor plush cloth-wrapped foam version. Fiberglass emerged as a common material for industrially produced furniture in the mid-century, often used by furniture purveyors likeHerman Miller,Knoll,Steelcase, andVitra. Beloved for its resilient strength and design flexibility, the synthetic material is fully embraced in the Loopy Chair as the sole material and focus. The curvilinear design language of the piece also recalls the tubular steel chairs popularized byMarcel Breuerand theBauhausmovement in the early 20th century, a major industrial innovation of the time. Priced at $3000 USD, interested parties can inquire about the Loopy Chair at the officialNik Bentel Studio site. See the gallery above for more pictures of the Loopy Chair.
Yahoo
7 days ago
- Business
- Yahoo
Q1 Earnings Roundup: Steelcase (NYSE:SCS) And The Rest Of The Office & Commercial Furniture Segment
Looking back on office & commercial furniture stocks' Q1 earnings, we examine this quarter's best and worst performers, including Steelcase (NYSE:SCS) and its peers. The sector faces a tepid outlook as workplace dynamics continue to evolve. Hybrid work means that enterprise demand for office furniture is lower. Consumer demand for the same products likely will not offset the loss from enterprises, as individual workers tend to have less space and need for the sector's wares. The Trump administration also possesses a high willingness to impose tariffs on key partners, which could result in retaliatory actions, all of which could pressure those selling furniture that may feature components or labor from overseas. Lastly, the COVID-19 pandemic showed that there is always a risk that something disrupts supply chains, and companies need contingency plans for this. The 4 office & commercial furniture stocks we track reported a strong Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 2.4% on average since the latest earnings results. Founded in 1912 when metal office furniture was replacing wooden alternatives, Steelcase (NYSE:SCS) is a global office furniture manufacturer that designs and produces workplace solutions including desks, chairs, architectural products, and services. Steelcase reported revenues of $788 million, up 1.7% year on year. This print was in line with analysts' expectations, and overall, it was an exceptional quarter for the company with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EPS guidance for next quarter estimates. The stock is down 1.1% since reporting and currently trades at $10.49. Is now the time to buy Steelcase? Access our full analysis of the earnings results here, it's free. With roots dating back to 1944 and a significant acquisition of Kimball International in 2023, HNI (NYSE:HNI) manufactures and sells office furniture systems, seating, and storage solutions, as well as residential fireplaces and heating products. HNI reported revenues of $599.8 million, up 2% year on year, outperforming analysts' expectations by 3.3%. The business had a stunning quarter with a solid beat of analysts' EPS estimates. HNI delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 8.8% since reporting. It currently trades at $47.16. Is now the time to buy HNI? Access our full analysis of the earnings results here, it's free. Created through the 2021 merger of industry icons Herman Miller and Knoll, MillerKnoll (NASDAQ:MLKN) designs, manufactures, and distributes interior furnishings for offices, healthcare facilities, educational settings, and homes worldwide. MillerKnoll reported revenues of $876.2 million, flat year on year, falling short of analysts' expectations by 4.6%. It was a disappointing quarter with full-year revenue guidance missing analysts' expectations. MillerKnoll delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 7.3% since the results and currently trades at $17. Read our full analysis of MillerKnoll's results here. Pioneering carbon-neutral flooring since its founding in 1973, Interface (NASDAQ:TILE) is a global manufacturer of modular carpet tiles, luxury vinyl tile (LVT), and rubber flooring that specializes in carbon-neutral and sustainable flooring solutions. Interface reported revenues of $297.4 million, up 2.6% year on year. This print was in line with analysts' expectations. Overall, it was a strong quarter as it also logged a solid beat of analysts' EPS estimates and full-year revenue guidance slightly topping analysts' expectations. Interface achieved the fastest revenue growth and highest full-year guidance raise among its peers. The stock is up 9.1% since reporting and currently trades at $20.53. Read our full, actionable report on Interface here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Tom's Guide
21-05-2025
- Business
- Tom's Guide
Hurry! Epic Steelcase sale knocks up to 25% off ahead of Memorial Day
The weekend is right around the corner and there are hundreds of Memorial Day sales to choose from right now. However, one of my favorite deals right now slashes the price on some of the best office chairs and standing desks we've tested. Through May 29, Steelcase is taking up to 25% off its ergonomic chairs and adjustable desks. It's the biggest Steelcase sale I've seen all year with generous discounts sitewide. For example, the Sit-to-Stand Desk is on sale from $467. I've been using my Steelcase Sit-to-Stand Desk for eight months and I love its wide/sturdy workspace, quiet motor, and its sturdy design, which doesn't wobble when the desk is set to its highest level of 48.7 inches. It also looks great in just about any room. Note: These are the starting prices and additional features/upholstery will increase the cost of your chair/desk. The Series 2 is a highly adjustable task chair designed to fit the tightest budgets. It features back support, 4-dimensional arm support/ergonomics, recline adjustments, and more. Unlike the Series 1, the overall back width and height on the Series 2 is slightly larger. I've been using the Steelcase Sit-to-Stand Desk for several months. It has a quiet motor, wide/sturdy workspace, and solid construction that doesn't wobble when the desk is set to its highest level of 48.7 inches. It's available in various finishes and in two different sizes. The Steelcase Karman is unlike any chair we've tested. It's extremely light, remarkably comfortable, and offers excellent ergonomic support. In our Steelcase Karman review we said the Editor's Choice chair goes beyond what mesh office chairs offer thanks to Steelcase's proprietary Intermix textile which responds and adapts to your body's movements throughout the day. The Steelcase Gesture features 360-degree arms, a contoured back, and multiple adjustments designed to shape your posture. The chair's 3D LiveBack design also mimics the spine's full range of motion providing additional support no matter how you move. The Steelcase Leap is an excellent office chair with solid lower back support. In our Steelcase Leap review, we said the Editor's Choice chair is a great addition to any home office thanks to its excellent back support and wide range of colors.
Yahoo
13-05-2025
- Business
- Yahoo
3 Reasons SCS is Risky and 1 Stock to Buy Instead
Although the S&P 500 is down 2.4% over the past six months, Steelcase's stock price has fallen further to $10.82, losing shareholders 19.1% of their capital. This might have investors contemplating their next move. Is there a buying opportunity in Steelcase, or does it present a risk to your portfolio? See what our analysts have to say in our full research report, it's free. Even though the stock has become cheaper, we're swiping left on Steelcase for now. Here are three reasons why there are better opportunities than SCS and a stock we'd rather own. A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Steelcase's demand was weak over the last five years as its sales fell at a 3.2% annual rate. This wasn't a great result and signals it's a low quality business. We track the long-term change in earnings per share (EPS) because it highlights whether a company's growth is profitable. Sadly for Steelcase, its EPS declined by 5.8% annually over the last five years, more than its revenue. This tells us the company struggled because its fixed cost base made it difficult to adjust to shrinking demand. Growth gives us insight into a company's long-term potential, but how capital-efficient was that growth? A company's ROIC explains this by showing how much operating profit it makes compared to the money it has raised (debt and equity). Steelcase historically did a mediocre job investing in profitable growth initiatives. Its five-year average ROIC was 6.4%, somewhat low compared to the best business services companies that consistently pump out 25%+. Steelcase doesn't pass our quality test. Following the recent decline, the stock trades at 9.9× forward P/E (or $10.82 per share). While this valuation is optically cheap, the potential downside is huge given its shaky fundamentals. There are better stocks to buy right now. We'd suggest looking at a safe-and-steady industrials business benefiting from an upgrade cycle. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
