Ikea will soon launch a remarkable international campaign called 'BuyBackFriday'. It gives customers the opportunity to exchange their old Ikea furniture for vouchers. Critics see it as a publicity stunt.
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French decoration chain Maisons du Monde has opened its 23rd Belgian store, in the centre of Antwerp. The retailer adds more services and brings the online world to the physical store.
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Ikea announced retail sales of 35.2 billion euros in the financial year to September. That is 1.5 billion less than a year earlier, despite online growth of 60%. Nevertheless, this is a strong performance according to the furniture chain.
Ikea is to open a second-hand store, where only used and refurbished furniture from the home interior chain is sold. The new store concept is intended to help the Swedish retailer with its sustainability ambitions.
Terence Conran, the founder of interior design chain Habitat, passed away at the age of 88. The British designer and businessman headed an empire that spanned everything from retail to restaurants.
JYSK achieved a record turnover of 4.1 billion euros in the past financial year 2019/2020. This represents a 7.6% growth, thanks to the corona crisis: people invested in their homes for their staycation.
Ikea is ready for a "green recovery" after the Covid-19 crisis. The CEO of Ikea Belgium has written an open letter, calling for cooperation and "sustainability as a fully-fledged business model". He demands that recovery plans take into account the climate crisis as well.
Ikea has said it wants to reimburse the state aid the company received in nine countries, including Belgium, during the coronavirus crisis.
Three years after leaving the Belgian market, the interior chain Habitat is back in the country. At first only with an online shop, it is also expected to reopen physical stores there soon.
Belgian interior chain Casa International, active in eight countries, has applied for protection against creditors as the corona crisis has wiped out turnover. However, no store closures or redundancies are planned for the time being.
Creditors have offered to cancel half of the debt of Dutch chain Hema (some 300 million euros), if owner Marcel Boekhoorn hands them the ownership.
Ikea has stated it hopes to reopen its European stores from the end of April. In the meantime, the chain is offering advice by video conference in Belgium. The coronavirus crisis has already cost the Swedish company 60 % of its turnover.
Dutch retail chain Hema has reached an agreement with some of its landlords to halve the rent for its stores for April and May. It would appear that the intention of the Amsterdam-based retailer is to extend this agreement to all of its stores.
Swedish furniture giant Ikea has started selling its articles via Alibaba's Chinese e-commerce platform Tmall. It is the first time in its 77-year history that the furniture giant sells through a third party.
The Dutch Blokker chain is leaving Belgium and Luxembourg: owner Mirage Retail Group sells its 123 stores in both countries to the Dutch Retail Groep. In the coming months, they will be converted into 'Mega World' discount stores.
As of September, Jon Abrahamsson Ring will be the CEO of Inter Ikea, the company that manages the intellectual property of the Swedish furniture chain. He has been a close associate of founder Ingvar Kamprad for four years.