AGP Executive Report
Last update: 6 hours agoRetail: Wayfair reported its strongest growth since the pandemic, with third-quarter revenue up 9.7% to $3.4 billion and U.S. sales up 11.4%. IKEA is also pursuing expansion, aiming to quadruple revenue by 2030 through a multiformat push across six markets. Industry Moves: CenturyPly reported 28.5% revenue growth and plans to expand into furniture fittings. Bedding supplier Purecare named industry veteran Keith Mackey chief revenue officer to lead growth. Closures: Haynes Furniture is set to close its flagship store, ending a 128-year retail legacy. Design & Materials: Formica introduced new solid-surface and laminate designs, while Fabuwood and FreePower brought wireless phone charging into kitchen drawers. Sustainability: Greenpeace is challenging IKEA’s forest safeguards.
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