Office Furniture Sales Rise Despite High Unemployment

Office Furniture Sales Rise Despite High Unemployment

Sarah Coffey
Jun 24, 2011
Barron's reports: "Steelcase and Herman Miller both beat earnings expectations after the market closed, and shares of both office furniture companies rose after-hours... Office furniture is hot right now, even if the unemployment rate in the U.S. remains high. Apparently, employers are increasing their spending more on the furniture than on the people who sit on the furniture." The Editor at Large also picked up the story, with quotes from Steelcase and Herman Miller CEOs. More news and links below. DESIGN NEWS OF THE DAYFurniture is Hot! Steelcase, Herman Miller Jump After-Hours | Barron'sOffice Furniture Sales are on the Rise Despite Unemployment | Editor at LargeThe NY Times Launches a New Sunday Section This Weekend | Women's Wear DailyChris Kennedy Steps Down as Pres. of Merch. Mart Properties | Home Accents TodayDaniel Libeskind Receives the 144th Annual AIANY Award | Architizer Photo: Steelcase Cobi Chair
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