COLOMBIA – Sodimac Homecenter Colombia, a joint venture between Corona Group of Colombia (51%) and Chile’s Falabella Group (49%) plans a 46.7 percent investment increase in 2015 over the previous year, with store openings and remodeling and the implementation of new services, said Wednesday the company manager, Miguel Pardo.

PERU – In an interview by Diario Gestión, Francisco de la Roza, General Manager of Promart announced the expansion plans of the home improvement retailer to complete 23 stores in the country by the end of the year.

BRAZIL – On Monday June 1 Sodimac opened its first store in Brazil, located in Tamboré, metropolitan region of Sao Paulo. This is the first store of the Chilean chain Sodimac of the Homecenter Constructor format in Brazilian territory.

CHILE – This past month of May, 24 wood industry SMEs of the regions of Biobio and Araucania in Chile were certified in Clean Production by the National Clean Production Council. 

CANADA – On 21st May IKEA announced plans to open a 397,000 square foot Distribution Center in Mississauga, Ontario, with a projected opening date of October 2015. 

CHILE – In spite of the increase in operating income and the decrease of non-operating losses in the period, Cencosud obtained a net income decrease of 38.6%, as it reached CLP 22,059.6 million in 1Q/2015, compared to CLP 35,792.7 million of 1Q/2014.

COLOMBIA – Mr. Bricologe, France’s leading home improvement retailer opened in May its first store in Colombia.

CHILE – While it was a year that faced a challenging environment, with slower economic growth in several of the markets where it operates, the Falabella Group reached revenues of USD 12.464 million, an increase of 13.6% over the previous year, due to the balance struck between organic and inorganic growth.

CHILE – According to the company, the Placacentro chain concluded 2014 with 340 stores (2013: 351 stores) and USD 288 million in purchases to Masisa (2013: USD 340 million).

URUGUAY – On March 26 Sodimac opened its first store in the city of Montevideo, capital of Uruguay.

CHILE – During the fourth quarter of 2014, consolidated revenues of the Falabella Group amounted to USD 3,705 million, achieving an increase of 13.0% compared to the same quarter of 2013, while accumulated revenues to December 2014, totaled USD 12,464 million growing 13.6% in the period.

CHILE – On January 30th Cencosud announced its overall financial guidelines (“Guidance”) for 2015 and on this occasion also made the announcement of a general investment plan for the next four years that would be in a range between USD 2,400 and USD 3,000 million.