June 1,
2026 by Karen Parrish in Business Strategy, Industry 
MillerKnoll, Inc., a growth-oriented small-cap value company in the industrial and consumer sectors, announced President and Chief Executive Officer Andi Owen will retire on June 30, 2026, as mutually agreed with the Board. Ms. Owen has resigned from the Board and has begun a leave of absence from the Company, effective immediately. Jeff Stutz, the Company's Chief Operating Officer, will perform the duties of the Chief Executive Officer during Ms. Owen's leave of absence and will become Interim Chief Executive Officer of the Company on June 30, 2026.
June 1,
2026 by Karen Parrish in Business Strategy, Industry
La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, completed the sale of its previously announced American Drew and Kincaid wholesale casegoods businesses to Banner House (formerly Magnussen Home Furnishings, Inc.), a multi-branded portfolio of home furniture.
June 1,
2026 by Karen Parrish in Business Strategy, Industry
HGTV’s Bachelor Mansion Takeover recently featured Meridian Furniture’s green Velvet Emory Sofa, marking a national broadcast first for the brand. This placement reflects Meridian’s growing presence and continued momentum as a stylish and trend-forward furniture design company, perfectly suited for a wide range of retailers and designers and an accessible resource for celebrities to everyday consumers.
June 1,
2026 by Karen Parrish in Business Strategy, Industry
Talan and Royce Collection Sofas, Loveseats and Recliners have been recalled because the power switch on the sofa, loveseat, or recliner can malfunction and overheat posing a risk of serious injury from a fire hazard.
June 1,
2026 by Karen Parrish in Business Strategy, Industry
Ingka Group, the largest IKEA retailer, is accelerating retail development and expanding across new locations, aiming to become more accessible and affordable for customers. As part of its renewed focus on its core retail business, the company continues rolling out a new compact store format that it has been testing since 2025 in a couple of European markets and in the US.