FRANCE - Ingka Group, the largest Ikea retailer, is enhancing its presence in Paris’ 13th district with the opening of a new Ikea store in the Italie Deux shopping centre. This new store aims to offer greater convenience and accessibility for Parisian customers....
NETHERLANDS - Ikea is testing a new digital marketplace for second-hand furniture, called Ikea Preowned, in Madrid and Oslo, and is planning to roll out the site globally in December. This platform enables users to buy and sell used Ikea furniture directly, featuring...
CHILE - Falabella informed that it will sell to Parque Arauco the Open Plaza Kennedy shopping center and the entity that operates the Courtyard Hotel by Marriott inside the center, in Las Condes, Santiago. Falabella’s CEO, Alejandro González, stated that this move...
COLOMBIA - In the first half of 2024 (6M-2024), Colombia experienced a notable increase in its particleboard (PB / MDP) imports. The total value of imports reached USD 84.99 million, reflecting a 15.9% rise compared to the same period in 2023. This growth is...
NETHERLANDS - Inter Ikea Group has agreed to acquire Ikea retail operations in Estonia, Latvia, and Lithuania, including three full-size stores, five smaller customer points, e-commerce, and Digital Retail Development. The deal, subject to regulatory approval, is set...
USA - The Home Depot, the world's largest home improvement retailer, reported second-quarter fiscal 2024 (2Q-2024) sales of USD 43.2 billion, up 0.6% from 2Q-2023. This includes USD 1.3 billion from the recent acquisition of SRS Distribution Inc., representing about...
USA - Lowe's, one of the largest global home improvement retailers, reported weaker-than-expected sales in the 2Q-2024 and reduced its full-year outlook due to a slowdown in spending on major home improvement projects. The company attributed the sales decline to...
BELGIUM - Ikea is advancing its drone technology with AI-powered systems designed to work around the clock with employees. After a successful trial at the Winterslag Distribution Centre in Belgium, Ikea plans to expand this system to more locations next year. This...
USA - LL Flooring has filed for Chapter 11 bankruptcy and plans to close over 90 of its stores, according to a U.S. Securities and Exchange Commission filing. The company aims to pursue a sale of its business while reducing its physical footprint. CEO Charles Tyson...
COLOMBIA - In the first five months of 2024 (5M-2024), Colombian imports of particleboard (PB/MDP) experienced a relevant growth of 15.1%, rising from USD 61.6 million in 5M-2023 to USD 70.9 million. Ecuador was again the leading supplier country, despite a 5.1%...
PERU – Sodimac, the home improvement and construction solutions chain, has announced the opening of a newly converted store.
PERU – In the first half of 2024 (6M-2024), Peru experienced a notable decrease in its imports of particleboard / MDP, with total import values falling by 16.9% compared to the same period in 2023.
