Welcome to our dedicated page for MILLER HERMAN news (Ticker: MLHR), a resource for investors and traders seeking the latest updates and insights on MILLER HERMAN stock.
This page provides a historical news archive for Herman Miller, Inc., which previously traded on Nasdaq under the ticker MLHR. The company’s own releases describe Herman Miller as a globally recognized design-focused furnishings business founded in 1905, with a long-standing emphasis on innovative, problem-solving designs for environments where people live, work, learn, heal, and play.
News items associated with MLHR include corporate developments, brand and product announcements, governance changes, and strategic initiatives. For example, releases document the creation of Herman Miller Group as a complementary family of brands, the launch of Herman Miller Professional as an eCommerce experience for small to mid-size businesses, and the opening of experiential Herman Miller Stores focused on high-performance seating and home office solutions. Other articles highlight archival design projects, such as the reintroduction of vintage Herman Miller posters, and product introductions from group brands like Geiger’s Mantle Collection.
A significant portion of the historical MLHR news flow centers on the company’s combination with Knoll, Inc. and the subsequent transition to MillerKnoll. Releases describe the acquisition of Knoll, the decision to move forward as MillerKnoll, and the planned change of the corporate name and Nasdaq ticker from MLHR to MLKN. Additional items cover board appointments and leadership perspectives on strategy, design, and social good.
Investors and researchers can use this MLHR news archive to trace how Herman Miller evolved into MillerKnoll, understand the role of its various brands, and review how the company communicated its design heritage, ergonomic research, and retail and digital initiatives over time.
Herman Miller has appointed Candace Matthews to its Board of Directors, effective August 21, 2020. Matthews, the Chief Reputation Officer at Amway, brings over 35 years of experience in corporate social responsibility and consumer marketing. She has a successful track record that includes leading significant transformations at Amway, resulting in double-digit sales growth. Chairman Mike Volkema praised her visionary leadership, while CEO Andi Owen highlighted her relevance to the company's strategic growth objectives. Matthews' appointment is expected to strengthen Herman Miller's focus on consumer-centric strategies.
Herman Miller (NASDAQ: MLHR) recently celebrated a court victory in its trademark infringement case against Blumenthal Distributing Inc. dba Office Star Products. The Ninth Circuit Court upheld a previous jury's decision that ruled Office Star had infringed upon the trade dress of Herman Miller's iconic Eames Aluminum Group chairs. The court awarded $3.3M in damages from a 2017 trial while ordering a retrial for another product, the Aeron Chair, due to jury instruction errors. The ruling emphasizes Herman Miller's commitment to protecting its designs and the economic impact of counterfeit products on its business.
Design Within Reach (DWR) has launched its redesigned website aimed at enhancing user experience and meeting the growing demand for online furniture shopping. Key features include improved filtering, enriched product content, a fully responsive design, and enhanced customer assistance tools. The redesign follows extensive user testing and research with over 200 participants, ensuring it meets customer needs. Additionally, the site integrates a virtual chat service for real-time customer support. DWR aims to bridge the gap between physical showrooms and eCommerce, reflecting its commitment to modern design.
Herman Miller, Inc. (NASDAQ: MLHR) reported a net sales decline of 29.1% to $475.7 million for Q4 FY2020 and 3.1% for the full year, totaling $2.49 billion. The company faced a net loss per share of $2.95, sharply down from earnings of $0.78 a year ago. Adjusted EPS fell to $0.11 from $0.88. The quarter also saw impairment charges of $205.4 million and restructuring costs of $16.9 million. Despite these challenges, cash and equivalents stood at $454 million, showcasing strong liquidity amid ongoing uncertainty. A webcast is scheduled for June 30, 2020.