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.

SPAIN – According to Estacom, Spanish furniture exports decreased by 2.7% in the first quarter of 2024, reaching more than EUR 736 million.

COLOMBIA – Ikea recently opened its second Colombian store, reinforcing its commitment to the country and bringing affordable designs to Cali, Valle del Cauca.

COLOMBIA – In the first quarter 2024 (1Q-2024), Colombian imports of particleboard (PB/MDP) were up by 11.1%, increasing from USD 36.02 million in 1Q-2023 to USD 40.01 million in the corresponding period of the current year.

United Kingdom – B&Q, the UK’s largest home improvement retailer, disclosed that it responsibly sourced 99.3% of its timber and paper products in 2023, with plans to reach 100% by 2024.