Steelcase

-6.36%

1. Cyclicality of the Furniture Industry: Steelcase Inc. operates in the furniture industry and, as such, is exposed to the cyclical nature of the business. In certain economic circumstances, such as a recession, demand for merchandise may decline, leading to lower sales and profits.

2. Competition: Steelcase Inc. faces competition from other home & office furniture manufacturers, as well as from online retailers. This competition can result in lower demand for Steelcase products, resulting in lower sales and profits.

3. International Trade Regulations: Steelcase Inc. operates in an increasingly global market and is exposed to changing international trade regulations, tariffs, and quotas. Such regulations could adversely impact the company's ability to export products to international markets.

4. Fluctuations in Raw Material Costs: Steelcase Inc. relies on imported raw materials in crafting its furniture, and changes in the prices of these materials could affect the company's bottom line.

5. Brand Perception: Steelcase Inc.’s products must remain relevant and desirable to consumers. If the company fails to maintain the brand’s appeal, it could result in reduced sales and profits.