USA – U.S. home improvement retailer Lowe’s has agreed to acquire Artisan Design Group (ADG) from The Sterling Groupfor USD 1.3 billion, expanding its professional customer offerings. Headquartered in Dallas, Texas, ADG...
Mexico’s Particleboard Imports Up 13.7% in 2024
MEXICO – Mexico’s imports of particleboard have increased by 13.7% in 2024, reaching a total value of USD 120.03 million, up from USD 105.60 million in 2023. This growth is driven by a rise in imports from several key suppliers. Chile remains Mexico’s largest...
Home Depot Announces USD 1.3 Billion Investment in Mexico
MEXICO – The Home Depot has recently unveiled a major investment plan in Mexico, announcing a capital injection of USD 1.3 billion for the period 2025–2028. The initiative will not only strengthen the company’s footprint in the country but is also expected to generate...
Wilsonart Expands with New Acquisition
USA – Wilsonart Engineered Surfaces has acquired the woodworking products distribution business of Virginia Tile, a division of Artivo Surfaces. The acquisition expands Wilsonart’s company-owned distribution network in the Midwest, adding facilities in Kansas City,...
JYSK Invests in New Distribution Center in Spain
SPAIN – Danish home furnishings retailer JYSK has announced plans to build a new state-of-the-art distribution center in Almenara, south of Castellón, as part of its strategy to expand in Spain, Portugal, and Morocco. The facility, expected to be completed between...
Sodimac Opens New Store in Peru
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,...
Ikea opens Oxford Street store on 1st May
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...
Wooden Furniture Imports in Latam Rise 32,6% in 2024
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...
Horst Paulmann, Founder of Cencosud, Dies at 89
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,...
Colombian Particleboard Imports Up 25,5% in 2024
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...
JYSK Expands to Uruguay, Opening First Store in South America
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...
Lowe’s Exceeds Expectations Despite Market Challenges in 2024
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...