CHILE – Sodimac Chile has placed its digital channel at the center of its growth strategy, targeting e-commerce to account for around 20% of total sales by 2030. The company, part of the Falabella group, launched a specialized “superstore” online model in...
DENMARK – Jysk, one of the largest global furniture retailers, has engaged all of its suppliers in setting Science Based Targets initiative (SBTi)–validated climate goals, with 94% of its suppliers—measured by emissions—committing to set...
USA – Ikea plans to increase sourcing from U.S. factories as tariffs introduced by President Donald Trump’s administration have raised the cost of importing products such as mattresses, sofas and bookcases, a company executive told Reuters. The move...
NEW ZEALAND – After more than two years of preparation, Ikea has officially opened its first store in New Zealand, located in Sylvia Park, Auckland. The full Ikea range is also available nationwide via Ikea.com and the Ikea app, offering delivery and planning...
DENMARK – Global furniture retail giant Jysk closed the 2024/25 financial year with record results, driven by strong promotional activity and competitive pricing. Revenue rose 11.8% to nearly EUR 6.2 billion, while EBIT increased nearly 27% to about EUR 748 million....
USA – Wayfair, a leading online home goods retailer with USD 11.9 billion in annual revenue for 2024, is expanding its physical presence with a new smaller-format prototype store set to open in late 2026 in Columbus, Ohio. The 70,000-sq.-ft. location—about...
SWEDEN – Sweden’s Inter Ikea, the company that supplies furniture to Ikea stores worldwide, reported a 26% drop in annual operating profit due to rising costs driven by U.S. tariffs. For the fiscal year ending August 31, 2025, operating profit stood...
CHILE – International credit rating agency Fitch Ratings has upgraded Grupo Falabella’s credit rating to BBB- with a stable outlook, restoring the company’s investment grade status after two years. In its report, Fitch highlighted the company’s...
USA – Ingka Investments, the investment arm of Ingka Group, the largest Ikea retailer, has announced the acquisition of Locus, a leading US-based logistics technology company. The move strengthens Ikea’s digital logistics capabilities and gives the...
MEXICO – Accoya USA has expanded its North American presence by appointing Klinai as its first direct Accoya distributor in Mexico. This strategic milestone marks direct distribution of Accoya — the high-performance, sustainable wood known for its durability and...
USA – Ikea, the Swedish home furnishings giant, has warned its U.S. customers of potential price increases following new tariffs imposed by President Donald Trump on imported furniture and lumber. The new tariffs, effective October 14, 2025, include...
USA – U.S. President Donald Trump announced new tariffs on imported wood and furniture products, citing national security concerns and the need to protect domestic industries. The measures include a 10% tariff on imported lumber and timber and a 25% tariff...
