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furniture

IKEA gets sales boost from shoppers' new stay-at-home focus

IKEA gets sales boost from shoppers' new stay-at-home focus

By: Anne Ringstrom
Source: Reuters
Date of Publication: October 6th, 2020
IKEA sees sales returning to growth this year after the coronavirus crisis boosted shoppers’ interest in spending more on their homes, a trend the world’s biggest furniture retailer believes is here to stay.
IKEA eyes return to growth this year after sales shrank 4% in 2019/20

IKEA eyes return to growth this year after sales shrank 4% in 2019/20

Source: Reuters
Date of Publication: October 6th, 2020
Retail sales at IKEA, the world’s biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by COVID-19, brand owner and franchisor Inter IKEA said on Tuesday.
Shares of furniture retailer Herman Miller soar 33% as home office sales surge

Shares of furniture retailer Herman Miller soar 33% as home office sales surge

By: Maggie Fitzgerald
Source: CNBC
Date of Publication: September 17th, 2020
Shares of Herman Miller are soaring after a blowout earnings report. The office furniture retailer said its home office category increased 300% since last year amid the work-from-home trend. “They reported a completely blowout quarter last night. Why? Because people are rebuilding their homes,” CNBC’s Jim Cramer said on “Squawk on the Street” on Thursday.