KNL - Steelcase: Investors Look A Little Too Excited
We are not spending time trying to fix things anymore - that's behind us.
In July, in asking whether Steelcase might finally have turned the corner, I highlighted that quote from Steelcase (SCS) CEO Jim Keane on his company's Q1 conference call. Steelcase has spent years trying to adapt to industry changes - among them the "open office" trend and a shift toward "resimercial" furniture - and to turn around its unprofitable EMEA business.
Progress has been choppy, to say the least. And industry-wide weakness since the U.S. presidential