URUGUAY – On Saturday, 22 March 2025, Danish home furnishings retailer JYSK will open its very first store in South America, marking a historic milestone in the company’s global expansion. The new store will be located in Canelones, a city just north of the Uruguayan...
USA – Lowe's Companies, Inc., one of the largest global home improvement retailer, reported net earnings of USD 1.125 billion for the fourth quarter ending January 31, 2025, a 10.3% increase from USD 1.020 billion in the same period last year. Total sales for the...
USA – The Home Depot, the largest home improvement retailer in the world, reported sales for the fourth quarter of fiscal 2024 of USD 39.7 billion, marking an increase of USD 4.9 billion, or 14.1%, from the same period in fiscal 2023. Comparable sales grew by 0.8%,...
PERU – Peru’s imports of particleboard saw a significant rise in January 2025, increasing by 37.7% compared to the same month last year. The total value of imports reached USD 13.46 million, up from USD 9.78 million in January 2024. The top country sources of these...
UNITED KINGDOM – In just five days, Ikea received an overwhelming 3,730 job applications for its highly anticipated Oxford Street (London) store, setting a new record for the company. With 150 positions available, the response marks the largest-ever recruitment effort...
USA – U.S. imports of wooden furniture increased by 6.6% in 2024, reaching a total value of USD 13.5 billion, compared to USD 12.67 billion in 2023. Vietnam remains the largest supplying country, with exports to the U.S. totaling USD 5.54 billion in 2024, marking an...
PERU – Peru’s wooden furniture imports saw significant growth in 2024, reaching a total value of USD 57.62 million, a 47.6% increase compared to 2023 (USD 39.04 million). Key sources of these imports include Brazil, China and Spain. Brazil remains the leading supplier...
PANAMA - Panama's particleboard / MDP imports saw a significant rise in 2024, with total imports reaching USD 14.99 million, up 40.1% from USD 10.70 million in 2023. Ecuador remained the largest supplier country, accounting for USD 5.14 million in 2024, a 16.2%...
CHILE - Cencosud S.A. , through its Argentine subsidiaries, has signed an agreement to acquire 100% of Supermercados Mayoristas Makro S.A. and Roberto Basualdo S.A. for USD 122.5 million, a price that may be adjusted based on net debt, working capital, and other...
PERU - Peru's particleboard / MDP imports from January to December 2024 totaled USD 139.62 million, reflecting a 3.8% increase compared to USD 134.46 million in 2023. This growth was driven by a mix of changes in importer performance and shifts in supply sources....
VIETNAM - In January 2025, Hettich and FGV opened their first joint subsidiary, Hettich Vietnam. Following Hettich's acquisition of FGV in 2024, the two companies are offering tailored hardware solutions for Vietnam's growing furniture industry. Jana Schönfeld,...
NETHERLANDS - Ingka Investments, the investment arm of Ingka Group—the largest Ikea retailer—has announced a EUR 1 billion commitment to companies enhancing global recycling infrastructure. The move supports the transition to a circular economy, a key focus of Ingka’s...
