News
Furniture Industry Growth in Central Asia — Kyrgyzstan’s Furniture Production Expands in 2025
According to official statistics, Kyrgyzstan’s furniture sector showed 15.4% growth in production output from January to November 2025 compared with the same period in 2024, underscoring a broader recovery in manufacturing and industrial activity.
Major Furniture Retailer Begins Widespread “Going Out of Business” Sales as Chain Shutters Dozens of Stores
Hundreds of furniture stores in multiple states have launched going-out-of-business sales after the national chain announced it is closing operations. The closures come as part of a broader trend in which traditional furniture retailers face stiff competition from e-commerce platforms, economic headwinds, and shrinking consumer spending on home goods.
IKEA Under Siege in the Global Furniture War with Amazon, Temu and Online Marketplaces
Once a near-unbeatable force in home goods, IKEA is confronting slowing growth, cost headwinds and a new landscape where consumers demand low prices, convenience and fast delivery. To respond, the Swedish giant is overhauling its strategy, expanding formats, and embracing digital and omnichannel retail as it fights to retain relevance in a marketplace dominated by digital giants like Amazon and Temu.
Malaysian Furniture Manufacturer HORESTCO Strengthens Global Hospitality Solutions with Quality Craftsmanship and Custom Production
HORESTCO, based in Shah Alam and supported by a major production facility in Jepara, Indonesia, manufactures premium wooden, rattan, synthetic wicker, and stainless steel furniture tailored to the hospitality and residential markets. The company emphasizes craftsmanship, competitive pricing, and customer-centric customization across diverse global projects.
Malaysia’s Furniture Industry Sees Limited Relief Despite US Tariff Delay
The U.S. postponed planned tariff increases on upholstered furniture, kitchen cabinets, and bathroom vanities, keeping duties at 25% for now, but Malaysian furniture exporters say the delay does little to boost competitiveness or counter rising domestic production costs.
IKEA to Close Seven Stores in China as It Shifts Retail Strategy Amid Property Market Slump
Swedish home furnishings giant IKEA will shut seven of its offline stores across China amid weak consumer spending and a persistent property crisis. The move reflects a strategic pivot from large-format expansion to targeted market cultivation, including plans to open over ten small-format stores in key urban centers over the next two years.
Russian Drone and Guided Bomb Attack Damages JYSK Furniture Store in Zaporizhzhia During Major Assault on City
Russian forces targeted a JYSK furniture store in Zaporizhzhia with drones and guided bombs overnight on 1–2 January, damaging the roof, igniting a fire and destroying inventory. No employees were reported injured, and the retailer plans to assess repairs and reopen later this winter.
Majesteak Furniture Malaysia — Crafting Quality Teak Furniture for Homes & Businesses with Sustainable Excellence
Majesteak Furniture, an established online teak furniture supplier in Malaysia, emphasizes high-quality craftsmanship, sustainable materials, and customer satisfaction in delivering premium indoor and outdoor pieces for residential and commercial spaces. From design and manufacturing to delivery and installation, Majesteak aims to provide an unforgettable furniture experience.
Trump Administration Delays Increased Tariffs on Upholstered Furniture, Kitchen Cabinets and Vanities by One Year
In a late-December proclamation, President Donald Trump signed a directive to delay the scheduled increase of tariffs on certain imported wood products — including upholstered furniture, kitchen cabinets and vanities — by an additional year, sparking reactions across the furniture, home goods and trade sectors.
South Korea’s Fair Trade Commission Fines 48 Furniture Companies Over Bid Collusion in Built-In Furniture Contracts
The Korea Fair Trade Commission (FTC) has imposed 25 billion won (≈ US$17.4 million) in fines on 48 South Korean furniture firms for coordinating bids on built-in furniture contracts over nearly a decade, in a major antitrust enforcement action aimed at restoring fair competition in an industry critical to housing construction.
