UNITED KINGDOM - Ikea has opened the ‘Hus of FRAKTA’ pop-up store on Oxford Street, London, celebrating its iconic blue FRAKTA bag. The pop-up, located at 216 Oxford Street, is a playful tribute to the world-famous bag and is situated next to luxury brands in one of...
MEXICO - Sodimac, a home improvement and construction retailer, has opened its 15th store in Mexico, marking its first location in Jalisco. The new store in Zapopan covers 10,000 square meters, with 8,400 square meters dedicated to sales floor space. Sodimac offers a...
NETHERLANDS - Ingka Group, the largest Ikea retailer, reported a revenue of EUR 41.8 billion for Fiscal Year 2024 (FY24), despite tough economic conditions, including high interest rates and inflation. The company prioritized affordability, reducing prices by EUR 2.1...
NETHERLANDS - Ingka Group, Ikea’s largest retailer, is investing EUR 1.5 billion to accelerate its shift away from fossil fuels, aiming to reduce its climate footprint by 85% by 2030 (from a 2016 baseline). The funds will retrofit existing stores with renewable...
USA The Home Depot, the world’s largest home improvement retailer, reported 3Q-2024 (3Q-2024) sales of USD 40.2 billion, a 6.6% increase from USD 37.71 billion in 3Q-2023. However, comparable-store sales declined 1.8%, marking the eighth consecutive quarter of...
USA - Wayfair, one of the world’s largest online furniture and home goods retailers, today announced its financial results for the third quarter of 2024, ending September 30. Sales revenue reached USD 2.9 billion, a decrease of 2.0%, compared to the same period last...
FRANCE - Ingka Investments, the investment arm of Ingka Group, continues its renewable energy expansion with the launch of a new photovoltaic solar park in Langeron, central France. The park, which consists of 34,500 solar modules, is expected to produce 23 GWh of...
COLOMBIA - From January to August 2024 (8M-2024), Colombia's imports of particleboard / MDP totaled USD 114.12 million, reflecting a notable increase of 22% compared to USD 93.53 million in the same period of 2023. In terms of volume, Colombian imports of...
NETHERLANDS - Ingka Group, the largest retailer of Ikea, has successfully completed the full acquisition of Ikano Bank AB after receiving all necessary regulatory approvals. This acquisition makes Ingka Group the sole owner of Ikano Bank, allowing it to enhance its...
COLOMBIA - Madecentro, a leading company in Colombia's wood and furniture industry, has announced an alliance with Kronospan, the top global manufacturer of melamine boards. Starting October 22, Kronospan's products will be exclusively available at Madecentro's 222...
ECUADOR - Ecuador's exports of particleboard / MDP from January to August 2024 (8M-2024) have experienced a slight overall decline compared to the previous year. Total exports reached USD 132.9 million, a 2.4% decrease from USD 136.2 million in 2023. Colombia...
NETHERLANDS - Ingka Group , Ikea's largest retailer, reported its share of Ikea retail sales at EUR 39.6 billion for Fiscal Year 2024 (FY24), a 5% decline from EUR 41.7 billion in FY23. The company focused on lowering prices, investing over EUR 2.1 billion in...
