CHILE – Cencosud’s consolidated 2016 revenues reached CLP 10,333,001 million, down 6.0% versus 2015 (+7.9% in constant exchange rate), explained by currency depreciation against the Chilean Peso.
Lowe’s 2016 sales up more than 10%
U.S. – Lowe’s Companies, Inc, the second largest home inprovement retailer in the world, reported consolidated sales for fiscal year 2016 of USD 65.0 billion, a 10.1 percent increase compared to 2015, and comparable sales increased 4.2 percent.
The Home Depot reports sales for USD 94.6 billion in FY 2016
U.S. – The Home Depot, the world’s largest home improvement retailer, reported sales of USD 94.6 billion for fiscal 2016, an increase of 6.9 percent from fiscal 2015.
Ikea’s largest store in America opened its doors
U.S. – On Wednesday, February 8th America’s largest Ikea store opened its doors in Burbank, California.
Falabella to invest USD 4,000 million in the region in the next four years
CHILE – Falabella announced plans to invest USD 4,000 million from 2017 through 2020 in order to expand its presence in the region.
New Falabella 25.000 m2 flagship store in Chile
CHILE – Chile’s mall developer, Parque Arauco S.A. announces a milestone in the expansion of its mall Parque Arauco Kennedy in Santiago, Chile.
IKEA Group presents strong growth in FY16
SWEDEN – Total revenue for the IKEA Group (Ingka Holding B.V. and its controlled entities) during financial year 2016 reached EUR 35.1 billion, up 7.4% from last year.
IKEA Iberica distributes € 13.2 million bonus among its employees
SPAIN – IKEA will distribute more than 13 million euros extra to its workforce in Spain as a thank you for reaching the business objectives of the past year, an increase of 4.7% over the previous year.
Boards & Ideas, Kaindl representative in Colombia, takes on new challenges
COLOMBIA – Having completed its first five years in operations, Boards & Ideas decided to take advantage of the wide acceptance of its business model to expand its portfolio of products and services.
Herman Miller opens New York City retail store as part of the its multi-channel strategy
U.S. – Herman Miller, Inc. announced the opening of a Herman Miller-branded retail store anchoring the company’s New York City flagship. Open to the public as of Tuesday, November 22, 2016, the store occupies 6,000 SF.
US Home Improvement Retailers Report Sales Growth in 3Q16
U.S. – The Home Depot, headquartered in Atlanta, GA, and the world’s leading home improvement retailer, reported third quarter sales of USD 23.2 billion, up 6.1% from the comparable period in 2015.
Cosentino Group is The Home Depot’s Best Supplier of 2016
USA – The Home Depot, the world’s leading home improvement retailer, has chosen the Spanish Cosentino Group as best supplier of 2016.