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.
USA – Ikea, the Swedish furniture giant, is establishing a small-format store in a significant retail and office project on Fifth Avenue in New York City, an area where luxury brands have faced challenges post-pandemic, deterring shoppers.
MEXICO – Mexico’s imports of Particleboard / MDP declined notably in the first quarter of 2024 (1Q-2024) compared to the same period last year.
MEXICO – The Chilean home improvement chain Sodimac has significantly bolstered its presence in Mexico with the inauguration of its 14th store in Monterrey, encompassing an expansive sales area spanning 8,400 square meters.
USA – The Home Depot, the world’s largest home improvement retailer, has successfully finalized the acquisition of SRS Distribution, Inc. (SRS) for a total enterprise value of around USD 18.25 billion.
PERU – In the first four months of 2024 (4M-2024), the value of Peruvian imports of wooden furniture reached USD 15.28 million, registering an increase of 8.1% compared to the same period of the previous year (4M-2023: USD 14.14 million).
NETHERLANDS – Ingka Group, the largest IKEA retailer, has strengthened its climate targets for reducing greenhouse gas (GHG) emissions, which have been validated and approved by the Science Based Targets initiative (SBTi).
USA – The Home Depot, the world’s largest home improvement retailer, recently reported sales of USD 36.4 billion for the first quarter of fiscal 2024 (1Q-2024).
USA – Wayfair Inc, one of the world’s largest online home furniture retailers, disclosed its first-quarter financial results for 2024 (1Q-2024), revealing mixed outcomes with a slight revenue decline and a significant net loss.
