All Ikea articles – Page 24
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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.
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OpinionComment: A true brand is more than a fascia
Many aspire to be a truly successful brand but very few succeed.
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AnalysisAnalysis: Why have so few retailers entered Brazil?
As the countdown to the Rio Olympics begins, Rebecca Thomson looks at the country’s retail industry and asks why few UK retailers have ventured into one of the world’s largest economies.
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AnalysisAnalysis: Ikea removes US self-checkout tills for being too slow
The IKEA Group’s U.S. operations have become the latest chain opting to rip out self-checkout point of sale, concluding that the systems simply required too much oversight and staff time.
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News
Ikea plans move into hotels and student accommodation
Ikea plans to construct budget hotels and student accommodation in university cities across western Europe.LandProp Holding, the Ikea real estate development arm behind the London Strand East project, will develop accommodation under the brand Ulito.Harald Müller, managing director of LandProp and business development manager of Inter Ikea, said the developments ...
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News
Ikea to use augmented reality in 2013 catalogue
Ikea is to use augmented reality in its 2013 catalogue. The new features will let consumers access films, interactive experiences and photo galleries using their smartphones, it has been reported.A digital version of the catalogue will be released in the US on July 31 and the print version will be ...
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OpinionComment: Time for retailers to get a mobile strategy
Mobile is redefining how consumers shop and engage with a brand, and many of us are now shopping on the go.
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Ikea releases film to promote 2013 catalogue
Ikea has released a two-minute film to promote the forthcoming publication of its 2013 catalogue. The film was created by the global agency of record for the Ikea catalogue, McCann New York. A World Without Textiles is the theme for the catalogue, and features a family living in an uncomfortable ...
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AnalysisDunelm: What the analysts say
Dunelm’s fourth quarter performance has exceeded expectations as it benefitted from the wet weather, leading some anaylsts to increase full-year pre-tax profit forecast to £96m.