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Gunlocke Continues Its Legacy of Local Community Involvement

Wayland, New York – Jan. 5, 2014 – Giving back and Gunlocke go hand in hand. This leading contract furniture company’s legacy not only includes producing beautiful wood casegoods, tables and seating, but also a long history of philanthropy and community partnerships, since its inception in 1902.  Recognized by the United Way of the Southern Tier in upstate New York in 2012 with the Pinnacle Award – the highest recognition possible – for increasing its total campaign by 41 percent, the Wayland, New York-based company continues to demonstrate its commitment to the surrounding community. Most recently, Gunlocke made two significant donations to two local nonprofit organizations: Noyes Health in Dansville, New York, and the EquiCenter in Mendon, New York. Since donating to build the first Noyes hospital in 1972, Gunlocke has continued to be a good neighbor to the Noyes Health system. As the only healthcare system in Livingston County, Noyes Health serves thousands a year, including many Gunlocke employees. Its emergency room often is the only open door available to those living in this rural area. When it became clear that its busy emergency room was outdated and undersized, Noyes Health turned to the state and its community partners for assistance to raise funds to build a new space, and Gunlocke answered the call. To support the building of the new Mary Saunders Beiermann Emergency Department, Gunlocke supplied furniture for the waiting and patient rooms and also made a $25,000 donation to assist with expansion efforts. Named for the daughter of lead donors E. Philip and Carole Saunders, this brand new facility expanded the emergency room from just over 3,000 square feet to 10,000 square feet and offers added space and updated technology that has significantly improved the patient experience since its doors opened in June. Gunlocke’s significant donation places the company in the highest circle of donors and, as such, its name will be included on the hospital’s donor wall. “We are so extremely thankful that Gunlocke has continued its tradition of giving to Noyes Health,” said Cynthia Oswald, Director of the Foundation and Public Relations & Marketing for the healthcare system. “Gunlocke is a leader in our community, and our constituents know and love Gunlocke furniture. We are glad that we could partner with one of our local neighbors to provide improved facilities to better serve the Livingston County area.” The second donation assists one of the region’s premier centers for therapeutic horsemanship. EquiCenter is a non-profit organization that provides a wide range of therapeutic equestrian activities to foster the personal growth and individual achievement of people with disabilities, at-risk youth, veterans, and their families. Four years ago, EquiCenter moved its facilities to a former horse farm, expanding its space from 22 acres to 200 acres. The new property includes a large residence, which the center has been slowly converting into space for offices, programs and special events. Through the help of the Gunlocke Company, EquiCenter recently was able to transform part of this space into an elegant board room used for board of directors’ meetings and community events. Gunlocke donated two custom Medley Conference Tables, 12 Austin Executive Swivel Chairs and a credenza for the space, creating a beautiful, inviting atmosphere that will help to draw people to the center, spreading the word about this important facility and the great work it does in the community. The donation is valued at more than $18,000. “To say Gunlocke has been helpful to us is an understatement,” said Jonathan Friedlander, EquiCenter President & CEO. “Our goal is to create an institute for education and research at the EquiCenter, where we can partner with other local and national organizations on their studies and philanthropic efforts. Gunlocke’s donation has been instrumental in helping us further realize our vision, creating a space that we can use to invite the local community into our facilities for meetings and events, helping us to continue building the bridges we need to make our dream a reality.” Through donations such as these and future philanthropic efforts, the company remains committed to making a difference in the community where its employees live and work, says Gunlocke President Don Mead. “We are so proud to offer our support to such impactful, important organizations that are improving the lives of our friends, neighbors and even employees,” he says. “We look forward to continuing our legacy of community involvement and support for many years to come.” For more information about Gunlocke, contact 1-800-828-6300 or visit www.gunlocke.com. Additional high-resolution images are available here.

Office Furniture Growth Spurred by Improving Commercial Market

Growth in the office and commercial market sparked sales and profit increases for large office furniture manufacturers Steelcase, Herman Miller and HNI. As the economy continues to improve with the pace of hiring picking up and signs of life in commercial construction, office furniture manufacturers are reaping the benefits as commercial clients update and add office space. Key indicators from the American Institute of Architects' (AIA) Architecture Billings Index (ABI) reflect that by showing continued renewed commercial demand for design and contractor services in its monthly surveys. According to the Wall Street Journal, a report from Reis Inc., a real estate firm providing data and forecasts on commercial properties, indicated that firms during the first quarter of this year were adding office space at a higher rate than any time since 2007 with occupied space growing to 9.8 million square feet over 9 million square feet in the last quarter of 2013. The report also noted that the vacancy rate had inched down to 16.8% from 16.9% in the fourth quarter of 2013 as well, the paper said. All of these gains in the office market were highlighted in the financial reports of some of the office furniture industry's largest players. Zeeland, MI-based furniture giant Herman Miller's sales rose 7.7% to $455.9 million during the third quarter and customer orders jumped 21.4% to $464 million during the same period. Fourth quarter sales for Steelcase, Grand Rapids, MI, climbed to $779.4 million, an 8% increase over the previous year. Net income swung from a loss of $27 million in 2013 to jumped to $23.9 million in the fourth quarter of fiscal 2014 and year-end revenue rose to $3 billion and net income more than doubled to $87.7 million over last year's $38.8 million. Muscatine, IA-based HNI (HON, Gunlocke, Allsteel) saw its year-end net income spike 30% from $49 million to $63.7 million. Its fourth quarter numbers were also strong with sales increasing 3% over the prior year to $541.3 million and net income jumping to 29% over the prior year to $22.8 million for the quarter. A Bright OutlookThe Business & Institutional Furniture Manufacturers Association (BIFMA) says U.S. office furniture production/shipments for 2014 will reach $9.6 billion, a 2.8% increase and 2015 production/shipments will reach $10.6 billion, a 10.4% increase. In their financial outlooks, these office furniture firms reinforce the association's outlook with their forecasts of continued gains into the next fiscal year. Steelcase projects revenue in the first quarter fiscal 2015 to increase in the range of 7% to 11% over the prior year. Its expectation is that large commercial clients will continue driving that growth. "Steelcase serves leading organizations who share our view that the strategic use of space helps companies stay ahead," said James P. Keane, Steelcase president and CEO. "We feel good our our momentum and direction," said Herman Miller CEO Brian Walker. "The clear highlight in our results this quarter is the strong order growth across each of our business segments." HNI Chairman, President and CEO Stan Askren noted in the company's financial report the substantial growth of its business based on increased office sales and said, "I remain positive our markets and our ability to grow sales and increase profits in 2014. Our businesses are strong, competitive, and well-positioned in their markets and the prospects for our businesses are encouraging."  
Steelcase beat analysts' expectations with fourth quarter sales of $779.4 million, an 8% increase over the previous year. Net income jumped to $23.9 million swinging from a loss of $27 million in the fourth quarter in 2013. Revenue for fiscal 2014 rose to $3 billion and the company more than doubled its net income at $87.7 million over last year's $38.8 million. - See more at: http://www.woodworkingnetwork.com/wood-market-trends/woodworking-industry-news/production-woodworking-news/Steelcase-Fourth-Quarter-Profits-US-Market-Share-Climb-Europe-Middle-East-African-Sales-Stumble-253392791.html#sthash.oArwkxW3.dpuf
Steelcase beat analysts' expectations with fourth quarter sales of $779.4 million, an 8% increase over the previous year. Net income jumped to $23.9 million swinging from a loss of $27 million in the fourth quarter in 2013. Revenue for fiscal 2014 rose to $3 billion and the company more than doubled its net income at $87.7 million over last year's $38.8 million. - See more at: http://www.woodworkingnetwork.com/wood-market-trends/woodworking-industry-news/production-woodworking-news/Steelcase-Fourth-Quarter-Profits-US-Market-Share-Climb-Europe-Middle-East-African-Sales-Stumble-253392791.html#sthash.oArwkxW3.dpuf

Gunlocke's New Casegoods Line Boasts Green Credentials

Gunlocke’s new Credentials line is aptly named. Sustainably manufactured, the casegoods line is backed by “credentials” from both SCS Indoor Advantage Gold for indoor air quality and the BIFMA level 2 certification. Credentials furniture also can be used toward achieving LEED credits. “Credentials was designed to help Gunlocke reach its environmental goals through its structured ‘Design for the Environment’ process,” Roy Green, director of Stewardship/Sustainability at Gunlocke said in a statement. “This process provides a platform for asking questions, assessing information and making choices to effectively incorporate sustainability into Gunlocke’s products throughout their lifecycle.” Along with being environmentally friendly, Gunlocke says the furniture demonstrates the flexibility, functionality and durability required in today’s office products. These include: Sit-to-Stand options using an electric-driven system in three preset heights; soft-close hinges on all the doors; cantilevered worksurfaces; magnetic tackzone for posting papers and accessories; soft lift or sliding door overheads; an optional hinged wall access panel for clean wire management; recessed LED task lighting and dowel construction drawer systems. (Check out Gunlocke.com) Highlighting Credential’s contemporary look are quarter cut and rift cut veneers, combined with leather, stone and glass accents. Stainless steel hardware adds to the casegoods’ clean design.

Gunlocke Expands Eastern Sales Force

Gunlocke has further increased its already strong commitment to the U.S. architectural and design sector and the office furniture marketplace by adding two new team members to its sales force.
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