Like all new product lines Vivo has problems in production and higher than normal scrap. If Miller killed a product line for that they wouldn't be making anything. It takes time to work out the bugs. I hear sales of Vivo are going well and that means to me it is something the office furniture market is looking for. Rarly does a product make money in it's first year or so
I also work at Herman Miller as a field sales representative but have a much different viewpoint of the Vivo Interior product. This is a strong offering that positions well against our standard competitor's Steelcase, Knoll Haworth. The fit, finish, and pricing makes this a desirable product. Add in the fact that we can blend this with our latest introduction, My Studio, makes us stand out in a pack of "me too's" Historically, Herman Miller has been a series of many first's and lately known for our seating offerings. I am pleased to hear our leadership state "Herman Miller is out to take back what we started - systems business!!"
Vivo is a dog - such a dissapoinment. When is the new super hot european design director/VP going to add some umphhhhh. All talk and no action doesn't help the bottom line over the log haul. SCS may be getting ready to change the playing field. Time for the design team to launch some meanignful design. Are we having trouble translating the process of designing a tooth brush for oralB into furniture.
If u take a good look at how the stock were traded, it's obvious someone holding loads of this stock, can't afford to the down stream of the price. Everyday, it was pushed back by small trade, e.g 100 shares each hand, it was easily done if u have trade station, it cost u only $1 per trade, but this type of traders will take the profit and run at any moment, be careful, don't even think about buying until it goes down to $30, but u are more than welcome to short sell @ $32 or more.