Latest news with #officefurniture
Yahoo
3 days ago
- Business
- Yahoo
Transform Your Workspace: Madison Liquidators Announces $5,000 Office Makeover Giveaway
MADISON, Wis., June 1, 2025 /PRNewswire/ -- Madison Liquidators, a leading provider of premium office furniture, is thrilled to unveil its $5,000 Office Makeover Giveaway, launching June 1, 2025. This national campaign gives businesses and remote professionals the chance to revamp their workspaces with top-tier furniture and expert service—completely free. Experience the full interactive Multichannel News Release here: The grand prize includes up to $5,000 worth of office furniture from Madison Liquidators' expansive catalog. To ensure a seamless experience, free shipping is included on all prize items, along with the option for White Glove delivery. "We're proud to offer this opportunity to help someone transform their workspace into something truly inspiring," said Nick Niesen, CEO of Madison Liquidators. "Our mission has always been to support productivity and comfort, and this giveaway is an exciting way to give back." Giveaway Details: Start Date: June 1, 2025 End Date: June 30, 2025, at 11:59 PM CT Winner Announcement: Week of July 1, 2025 Eligibility: Open to U.S. residents, 18 and older Entry Requirement: No purchase necessary Participants can enter the giveaway here. The contest is open to U.S. residents, and there is no purchase necessary to enter or win. Madison Liquidators encourages all professionals, whether remote workers or corporate managers, to enter and take advantage of this chance to reimagine their office environment with comfort, efficiency, and style. About Madison LiquidatorsFounded in 2015, Madison Liquidators is a leading supplier of office furniture online. Headquartered in Madison, Wisconsin, the company is committed to helping customers create efficient, professional workspaces through quality products, expert support, and personalized service. With a growing catalog of desks, chairs, conference tables, and office cabinets, Madison Liquidators serves organizations nationwide with fast shipping, installation options, and unmatched customer care. View original content: SOURCE Madison Liquidators 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
Associated Press
3 days ago
- Business
- Associated Press
Transform Your Workspace: Madison Liquidators Announces $5,000 Office Makeover Giveaway
MADISON, Wis., June 1, 2025 /PRNewswire/ -- Madison Liquidators, a leading provider of premium office furniture, is thrilled to unveil its $5,000 Office Makeover Giveaway, launching June 1, 2025. This national campaign gives businesses and remote professionals the chance to revamp their workspaces with top-tier furniture and expert service—completely free. Experience the full interactive Multichannel News Release here: The grand prize includes up to $5,000 worth of office furniture from Madison Liquidators' expansive catalog. To ensure a seamless experience, free shipping is included on all prize items, along with the option for White Glove delivery. 'We're proud to offer this opportunity to help someone transform their workspace into something truly inspiring,' said Nick Niesen, CEO of Madison Liquidators. 'Our mission has always been to support productivity and comfort, and this giveaway is an exciting way to give back.' Giveaway Details: Participants can enter the giveaway here. The contest is open to U.S. residents, and there is no purchase necessary to enter or win. Madison Liquidators encourages all professionals, whether remote workers or corporate managers, to enter and take advantage of this chance to reimagine their office environment with comfort, efficiency, and style. About Madison Liquidators Founded in 2015, Madison Liquidators is a leading supplier of office furniture online. Headquartered in Madison, Wisconsin, the company is committed to helping customers create efficient, professional workspaces through quality products, expert support, and personalized service. With a growing catalog of desks, chairs, conference tables, and office cabinets, Madison Liquidators serves organizations nationwide with fast shipping, installation options, and unmatched customer care. View original content: SOURCE Madison Liquidators
Yahoo
6 days ago
- Business
- Yahoo
Q1 Earnings Highlights: MillerKnoll (NASDAQ:MLKN) Vs The Rest Of The Office & Commercial Furniture Stocks
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at office & commercial furniture stocks, starting with MillerKnoll (NASDAQ:MLKN). 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. On average, they are relatively unchanged since the latest earnings results. 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. This print fell short of analysts' expectations by 4.6%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' EPS guidance for next quarter estimates and full-year revenue guidance missing analysts' expectations. MillerKnoll delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 8.5% since reporting and currently trades at $16.78. Read our full report on MillerKnoll 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 pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 7.2% since reporting. It currently trades at $46.47. Is now the time to buy HNI? Access our full analysis of the earnings results here, it's free. 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, in line with analysts' expectations. Still, its results were good as it locked in a solid beat of analysts' EPS estimates. Interestingly, the stock is up 7.1% since the results and currently trades at $20.15. Read our full analysis of Interface's results here. 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. Overall, it was an exceptional quarter as it also logged an impressive beat of analysts' EPS estimates. The stock is down 3% since reporting and currently trades at $10.29. Read our full, actionable report on Steelcase here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem 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. 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
News.com.au
23-05-2025
- Business
- News.com.au
‘Heartbroken': Brutal text sent to staff as company collapses
EXCLUSIVE About 140 people across Australia have been immediately sacked following the sudden collapse of Australia's largest distributor of second-hand office furniture. Staff at furniture company Egans received a text message on Friday morning telling them to attend a compulsory all-staff meeting, where they were told they no longer had jobs. 'Notice of important company announcement,' the text message read. 'Do not go to job site first.' In a statement to Director Andrew Egan said the company had faced 'pervasive cost increases' and a 'revenue slump' which was affecting 'every business in Australia'. The company has staff across NSW, Victoria and South Australia. 'Egans is a family business that has been developing a worlds (sic) best practice circular economy model for 30 years,' Mr Egan said in his statement. 'Universities and corporations across Australia have adopted our model and are devastated by todays news. 'Our staff have worked on this data-backed, fully resolved model for many decades. Like us, they are heartbroken. Mr Egan said that his company had saved two million kilograms of office furniture through their approach. 'Given there is no alternate model in the market, this is as difficult for our customers as it is for our staff. 'Our thoughts go out to the 140 staff and their families who are affected by this.' Staff had no warning about the collapse and were only first told about the decision to close the business during the all-staff meeting. Egans' main company website has already been scrubbed from the internet. Egans provided office fit-outs, disposal, storage and transportation of office furniture. It provided office equipment for the likes of the SA Government, the Fair Work Ombudsman and Adelaide University.
National Post
06-05-2025
- Business
- National Post
Standard Reporting Underestimates the Value of Office Furniture Reuse
Article content Installnet, Bard College MBA program analysis finds avoided greenhouse gas emissions are nine times more than estimates Article content Article content BOWIE, Md. — New research released today finds that diverting three of the most reused office items from landfill – task, desk and stack chairs – avoids far more greenhouse gas (GHG) emissions than methodologies currently used by the industry. The research, by furniture solutions company Installnet and Bard College's MBA program, ' Standard Reporting Omits Most Benefits of Reusing Office Furniture – This Must Change,' was developed as part of a new collective's effort to develop and implement real world solutions to reduce waste. Article content To determine how accurate existing tools are at estimating the environmental impact of furniture diversion from landfill, researchers compared them with actual measures developed through Life Cycle Assessments (LCAs) and Environmental Product Declarations (EPDs). The research finds that the current industry standard for measuring the impact of these efforts relies on the U.S. Environmental Protection Agency's Waste Reduction Model (WARM), which significantly underestimates the greenhouse gas emissions avoided through reuse, resale, repurpose, and recycling. Article content 'We have seen firsthand the value of these efforts on the environment and the community, but this analysis reveals, for the first time, that we're actually avoiding nine times more GHG emissions than the WARM estimates show,' said Installnet CEO Dale Ewing. 'This is huge. It's time for the industry to embrace sustainable decommissioning and move toward a more accurate understanding of the actual impact that things like take-back, donation and resale programs.' Article content The Installnet Ecoserv program has diverted more than 55 million pounds of waste from landfill since 2012 through reuse, resale, relocation and recycling, including donations to groups in more than 3,200 communities across North America. The donations help local nonprofits, schools, first responders and other organizations devote more resources to their missions and reduce the GHG emissions that worsen climate change. Each year, more than 146 million tons of solid waste goes to landfills in the U.S., generating dangerous methane gas emissions that worsen climate change. An estimated 12 million tons of that waste is furniture. Article content The research was done by Deanna Diaz, a recent graduate of the Bard College MBA program in sustainability, and John Friedman, a leader in corporate sustainability initiatives. Article content 'Only a few manufacturers share cradle-to grave LCAs and only for a select group of newer products,' Diaz said. 'And the information is very difficult to find. Transparency of a product's environmental impact remains an exception rather than the norm.' Article content Developing LCAs is time consuming and costly for manufacturers, Friedman explained. Article content 'Starting with the items most likely to be reused will help the industry demonstrate the actual impact of sustainable decommissions,' Friedman said. 'And because LCAs are independently verified, this will help meet new reporting standards and requirements.' Article content The research is part of a collective founded by Installnet, called Ecoserv Net Zero (ENZO). The collective is sharing lessons learned and best practices in sustainable decommissions to create industry standards. It is also documenting processes, procedures and practices to become assurance ready and meet new reporting requirements. Article content Installnet is a recognized leader in sustainability. Its rapidly growing Ecoserv program keeps unused furniture and other assets in circulation, instead of sending them to landfill. Article content Installnet provides professional project management services in the United States and Canada. Our network of over 350 highly qualified independent furniture installation companies provide exceptional service in more than 100 major markets. Our custom solutions range from Ecoserv, an award-winning sustainable decommission program to Installhub, a self-serve platform of installation companies. Article content Article content Article content Article content Article content Contacts Article content Article content Article content
