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.

PERU – In the first quarter of 2024 (1Q-2024), imports of particleboard (PB/MDP) to Peru reached a total value of USD 32.11 million, representing a significant decrease of 21.4% compared to the same period in 2023 (USD 40.86 million).

SWITZERLAND - Ikea has inaugurated its tenth furniture store in Switzerland: The Riddes branch in Valais is the most modern Ikea store in Switzerland. With approximately 23,000 square meters of retail space spread across two floors, customers will discover a wide...

PERU – Falabella has launched a comprehensive transformation plan for its Maestro Stores in Peru, as revealed in its 2023 Annual Report.

COLOMBIA – Ikea, the renowned Swedish multinational that specializes in furniture and home decor, has announced the launch of its second Colombian store.

ECUADOR – In the first quarter of 2024, Ecuador saw a 6.9% decline in its particleboard exports value, totaling USD 49.04 million, down from USD 52.70 million in the same period last year.