All Ikea articles – Page 21
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NewsIkea partners with Marriott to launch budget hotel venture
Swedish furniture giant Ikea is to open a string of budget hotels across western Europe and has teamed up with hotel giant Marriott International to support the venture.
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OpinionComment: Horse meat scandal will impact the entire retail sector
The horse meat scandal will no doubt continue to unfold over the coming months but for some of the affected companies, the harm done to their reputations may well prove fatal.
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OpinionComment: No more horsing around for retailers as they put scandal to rest
The horse meat scandal, which has dominated headlines for the past month, has opened a rich seam because it appeals to the British sense of humour.
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AnalysisInfographic: How the horse meat scandal engulfed retail
The horse meat scandal has dominated headlines for more than a month involving a swathe of retailers and suppliers. This infographic shows how the crisis developed.
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NewsIkea pulls meatballs from UK stores after horse meat discovery
Ikea has withdrawn meatballs from sale in UK stores after tests in the Czech Republic found traces of horse meat in a batch made in Sweden.
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OpinionComment: India remains challenging despite relaxation of rules
This week’s Retail Leadership Summit in India showed the playing field remains as level as it ever was between multinationals and Indian retailers, but that the turnstile is open.
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NewsIkea founder disputes plans to double store openings
A row could be brewing at Ikea after founder Ingvar Kamprad said he had no idea about the retailer’s plans to double the number of store openings each year.
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AnalysisCampaign of the week: Furniture retailer Ikea, Make Room for Your Life
The January Sales usually elicit a barrage of shouty, price-focused ads from the majority of furniture retailers, but Ikea bucks the trend with its new advertising campaign.
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NewsIkea group profits jump as it lowers prices to boost sales volumes
Furniture giant Ikea’s group net profits jumped 8% to €3.2bn in the year to August 31 as the retailer benefitted from higher sales volumes and a focus on cost.
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NewsHealthy start to Boxing Day and January Sales for big-ticket retailers
Home and furniture groups report steady performance of Sales despite the impact of fewer shopping days because of the way the bank holidays fell during the Christmas period.
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News
Foreign Investment Promotion Board deals Ikea India a blow
Ikea’s application to enter the Indian market has been dealt a blow by the government’s Foreign Investment Promotion Board (FIPB), The Economic Times reported.The FIPB, which approved the retailer’s application last week, has blocked Ikea from setting up its Swedish food markets or restaurants within its stores. FIPB ruled that ...
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AnalysisInternational analysis: Retailers can ill afford a scandal on a global scale
Growing anti-corporate sentiment has focused on the retail sector in recent weeks, as evidenced by the palpable anger with which Amazon director of public policy Andrew Cecil was quizzed by the UK Public Accounts Committee on the issue of tax avoidance.
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NewsIkea 'regrets' using forced labour
Ikea has admitted some of its suppliers used political prisoners as forced labour in East Germany under the Communist regime.
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AnalysisAnalysis: How Ikea changed furniture retailing forever
As the Swedish giant celebrates its 25th year in the UK, Nicola Harrison looks at how it has influenced the British public’s perception of interior design and its impact on the market.
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NewsUK sales surge at Ikea as £30m investment pays off
Ikea has outperformed the tough big-ticket market to post a 6.3% rise in sales as well as market share gains as the furniture giant revamps its estate to introduce in-store theatre.
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AnalysisCampaign of the week: Ikea, Playin’ With My Friends
Ikea marketing manager Peter Wright says the retailer’s new advert is a “step change” from its previous campaigns.
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NewsIkea eyes €50bn turnover
Ikea is targeting a turnover of €50bn by 2020 as the furniture chain eyes rapid growth in the next decade.
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News
Ikea Italy sales fall 2.6%
Sales at Ikea Italy fell 2.6% to e1.6m (£1.3m) in the year ended August 30, the retailer’s first ever year-on-year decline since entering Italy in 1989.Ikea has 20 stores and more than 46 million visitors annually. It plans to invest e400m (£322m) over the next three years in new openings ...
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AnalysisInternational analysis: Ikea cuts prices to tap into Chinese market
After reporting sales rose 21% last year to CNY5.4bn (£527.1m), Colin Renwick, deputy retail manager of Ikea China, said that the country will be one of Ikea’s best-performing global locations of fiscal 2012.
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NewsIkea appoints new group chief executive
Ikea Group has appointed Peter Agnefjäll as president and chief executive to replace Mikael Ohlsson, who will step down next September after 34 years with the retailer.