Furniture: Nitori leaves the U.S.A. to compete with Ikea in Asia

Japan’s largest furniture retailer by sales Nitori Holdings (886 stores in Asia and in the USA, turnover of €5.78 billion in the last fiscal year, up by 13%) announced a withdrawal from USA sales by April 2023. There is 1 store in Ontario under the Haki-Home banner. According to the company, the rising cost of shipping to the U.S.A. prompted a re-focus on Asia, where all Nitori’s factories are. In terms of manufacturing, Nitori has already opened a factory in Thailand and plans to build...