Woolworths and its US joint venture partner Lowe’s are expected to appoint independent experts this week to value the loss-making Masters chain after failing to agree on price.
Woolworths and Lo…

American home improvement giant Lowe’s says the introduction of its disastrous joint venture with Woolworths, Masters, was "too aggressive" and that it opened too many stores without f…

Wesfarmers is poised to make its first move into retail offshore with the acquisition of DIY chain Homebase from Britain’s Home Retail, which it intends to use as the base to roll out Bunnings b…

The CEO of global furniture behemoth IKEA has told CNBC that store placement is the current focus for the company as it looks for new growth strategies.
"I think the biggest difference now is how…

Swedish furniture company IKEA on Friday opened its first "Pick-up and order point" in Asia, in Thailand’s Phuket province.
Thakoeng Banjongrak, pickup point manager of IKEA Thailand, …

Woolworths will outline its plans for the beleaguered Masters Home Improvement business within months, which could include offloading a larger stake of the loss-making operation to its US joint ventur…

Furniture giant Ikea marked its first full year of operations in Indonesia last week by welcoming its 2.8 millionth customer to its store in Alam Sutera, on the western outskirts of Jakarta.
The store…

Woolworths and its US home improvement partner Lowe’s have tipped another AUD105 million (USD77.3m) into their loss-making joint venture only weeks before Lowe’s is eligible to exercise it…