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Recent Articles

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Ikea plans to spend €3B by end of 2023 on new, existing stores as it repurposes out-of-town outlets into e-commerce distribution centers; company will also spend €1.3B on stores in London, which will act as test market for new store formats, logistics

La-Z-Boy plans US$1.9M store in New Braunfels, Texas, next to Creekside Shopping Center, which company says is state's third most visited shopping center; 17,130-sq-ft store expected to be completed by June 1, 2023

Furniture Insights: New orders in February down 20% year-over-year but up 34% over February 2020, bringing year-to-date decline to 16% year-over-year; shipments flat year-over-year and up 18% over February 2020, bringing year-to-date shipments to 1% drop

UBS forecasts 40,000-50,000 US retail stores to close over next five years; closures mainly to hit fashion and accessories industry, home furnishings and electronics, while business is expected to boom for general merchandise stores like Target, Walmart

Tech vs. Trees: DS Smith converts paper waste into soil additives for farmers, publishing insiders credit Barnes & Noble for bolstering print books, London studio uses recycled paper to create furniture

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