The great uniformity of apartment buildings from the Soviet era has proved to be a welcome inspiration for Ikea: in five stores, customers can use VR to give their apartment a virtual update. The tool may later be used in a number of other countries as well.
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Even Ikea is having a hard time in the declining British market: in Coventry, in the centre of England, Ikea is forced to permanently close its store. 352 employees lose their jobs.
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Ikea is building a new, green city store in Vienna: there will be no parking, but the seven-storey building will have green balustrades and roofs with no less than 160 trees.
As at each turn of the year, RetailDetail gauges the mood in the retail sector. How big was the damage last year in the Benelux? Will 2020 be the year of Amazon and Jumbo? Of social unrest and consuming less? Four experts share their vision.
Swedish furniture chain Ikea has opened a pop-up store in Eindhoven (the Netherlands), that wants to attract attention to its smart products. However, the store is more like a showroom, with customers unable to physically purchase and take home the smart products.
Ikea has taken a minority stake in Optoro, an American start-up that develops software aimed at making returns more efficient. The investment fits in with the objective of the Swedish retailer to be a circular company by 2030.
Australians are buying fewer Christmas gifts this year, and opting for more useful and inclusive gifts. Here, too, 'more sustainable' gifts for the end of the year period are a growing trend, because things have reached their peak.
Ikea has had to admit a 10 % profit drop this year, due to higher prices of raw materials and investments in new concepts. Nevertheless, the Swedish retail chain wants to continue to maintain a high level of innovation in the future.
Following Nike's most recent example, Ikea too has withdrawn from Amazon's marketplace. Some analysts see this as a very smart decision, others point to its dangers...
Chaotic scenes took place in all of Ikea's Belgian stores this morning. This was prompted by the launch of the new Markerad collection, designed by Virgil Abloh, the artistic director for Louis Vuitton.
Swedish furniture giant Ikea is looking to acquire shopping centres in the United Kingdom as part of an expansion plan. This way, the retail chain wants to benefit from lower retail property prices.
Inter Ikea (owner of the Ikea brand and manager of the franchise activities) may still have to pay millions of euros in taxes the company is said to have avoided, if two deals with the Dutch tax authorities are revoked.
Last financial year, Ikea has managed to increase its retail turnover considerably. The group's online business is growing fast, while the number of visitors to its stores remains at the same level. The retailer is opening even more small shops and planning studios in large cities.
Ingka Group, the owner of the majority of Ikea stores, says it will produce as much renewable energy as it consumes by the end of this year and achieve its own target a year earlier than originally planned.
The Ikea store in Eindhoven is testing the consequences of not letting people pay in cash any more. If successful, the test may be expanded to other Dutch stores too.
Ikea is starting a lease in a shopping centre for the first time, in the Indian city of Mumbai. Even for the Swedes, the 'big box' era seems to end as the focus shifts to getting close to city centre residents.