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Steelcase turnover drops by around 40% in Q1

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Published in issue 29/2020
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In the first quarter of the 2020/21 financial year, turnover of US office furniture manufacturer Steelcase Inc. (Grand Rapids, Michigan) plummeted by 41.4% to US$482.8m (March-May 2019: 824.3m) due to the corona crisis. Declines were clearly in the double-digit percentage range for all three business divisions. In the ...

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