PERU – Sodimac continues its expansion in Peru with the opening of a new store in Chacarilla, Lima, solidifying its leadership in home improvement and construction solutions. The store, located at Av. Caminos del Inca 100, spans 3,624 m² and has created over 130 jobs,...
UNITED KINGDOM – Ikea will open its highly anticipated Oxford Street store on May 1, 2025, following a three-year renovation of the Grade II-listed building at 214 Oxford Street in central London. The new store will span three floors, covering 5,800 m² of retail...
COLOMBIA – Latin American countries have seen a notable increase in the import of wooden furniture in 2024 compared to the previous year, with a collective surge of 32,6%. The data shows that the total import value of wooden furniture reached USD 839.13 million, up...
CHILE – Horst Paulmann Kemna, founder of Cencosud, passed away at 89 on March 11, 2025, in Germany, peacefully in his sleep. His family shared, "We find comfort in knowing he rested without suffering, but his absence leaves a great void in our hearts." Born in Kassel,...
COLOMBIA – Colombia’s imports of particleboard / MDP saw a notable increase in 2024, rising by 25,5% compared to the previous year, reaching a total of USD 172.19 million. This surge highlights the demand for wood-based products in the country, driven by several...
URUGUAY – On Saturday, 22 March 2025, Danish home furnishings retailer JYSK will open its very first store in South America, marking a historic milestone in the company’s global expansion. The new store will be located in Canelones, a city just north of the Uruguayan...
USA – Lowe's Companies, Inc., one of the largest global home improvement retailer, reported net earnings of USD 1.125 billion for the fourth quarter ending January 31, 2025, a 10.3% increase from USD 1.020 billion in the same period last year. Total sales for the...
USA – The Home Depot, the largest home improvement retailer in the world, reported sales for the fourth quarter of fiscal 2024 of USD 39.7 billion, marking an increase of USD 4.9 billion, or 14.1%, from the same period in fiscal 2023. Comparable sales grew by 0.8%,...
PERU – Peru’s imports of particleboard saw a significant rise in January 2025, increasing by 37.7% compared to the same month last year. The total value of imports reached USD 13.46 million, up from USD 9.78 million in January 2024. The top country sources of these...
UNITED KINGDOM – In just five days, Ikea received an overwhelming 3,730 job applications for its highly anticipated Oxford Street (London) store, setting a new record for the company. With 150 positions available, the response marks the largest-ever recruitment effort...
USA – U.S. imports of wooden furniture increased by 6.6% in 2024, reaching a total value of USD 13.5 billion, compared to USD 12.67 billion in 2023. Vietnam remains the largest supplying country, with exports to the U.S. totaling USD 5.54 billion in 2024, marking an...
PERU – Peru’s wooden furniture imports saw significant growth in 2024, reaching a total value of USD 57.62 million, a 47.6% increase compared to 2023 (USD 39.04 million). Key sources of these imports include Brazil, China and Spain. Brazil remains the leading supplier...
