MEXICO – Soriana is stepping up its ambitions in the home improvement market, announcing plans to significantly expand its Sodimac format across Mexico. Nearly seven years after opening the first Sodimac store in the country, the Martín Bringas family-owned...
GERMANY – Häfele is set to commission its new state-of-the-art logistics facility at Wolfsberg, with functional tests already underway in a virtual environment. Real goods and package tests will begin in the coming weeks, with the official opening scheduled for...
DENMARK – Danish retailer Jysk closed the 2024/25 financial year with strong results, posting an 11.8% increase in sales to EUR 6.2 billion. The company also gained 13.7 million new customers and reported a 12.8% rise in unit sales, supported by price reductions...
NEW ZELAND – Two years after construction began in Sylvia Park, Auckland, Ingka Group—the largest Ikea retailer—has confirmed that it will open its first store in New Zealand on December 4, 2025. From day one, New Zealanders will have access to more than 7,500...
USA – The Home Depot, the world's largest home improvement retailer, announced it has completed the acquisition of GMS Inc. through its specialty distribution subsidiary, SRS Distribution Inc., for a total enterprise value, including net debt, of...
COLOMBIA – Based on customs data on Colombia's wooden furniture imports for January-June (6M-2025), the sector experienced a significant overall growth of 46.5% from 2024 to 2025, with total imports rising from USD 13,567,699 to USD 19,874,440....
CHILE – In August 2022, the Falabella Group introduced Ikea to Chile through a franchise, marking the Swedish retailer’s first step into South America. Despite weaker consumer spending following pension withdrawals, the brand quickly gained traction....
NETHERLANDS – Spanish executive Juvencio Maeztu will become CEO and President of Ingka Group, the largest Ikea retailer, starting November 5, 2025. Currently Deputy CEO, Maeztu has spent 25 years within the company, beginning in the early 2000s as a store manager in...
PERU – Peru imported USD 81.4 million worth of particleboard/MDP between January and June 2025 (6M-2025), representing a 23.1% increase compared to the same period in 2024, according to Sisduan data. By importer, Novopan Peru led with USD 39.3 million (+21.9%),...
MEXICO – Following the precedent set by the footwear industry, furniture manufacturers in Jalisco are urging the Federal Government to impose a 30% tariff on imported finished furniture, mainly from China and other Asian countries. Mercedes Abundis...
USA – The Home Depot, the world’s largest home improvement retailer, posted sales of USD 45.3 billion in the second quarter of fiscal 2025, up USD 2.1 billion or 4.9% from the same period in 2024. Comparable sales rose 1.0%, while U.S. comparable...
DENMARK – BoConcept, one of the world’s leading furniture and lifestyle brands, has reported a solid performance in its 2024/2025 financial year, despite a difficult global market marked by uncertainty and shifting consumer behavior. According to its newly...
