Ikea

IKEA says shrinks climate footprint with help from new light bulbs

By Marie Mannes and Anna Ringstrom STOCKHOLM, Feb 15 (Reuters) - IKEA, the world's biggest furniture brand, said on Wednesday its annual carbon emissions fell 5% in the last fiscal…

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Davos 2023-IKEA sees higher demand in Europe driven by home furnishings – CEO

By Divya Chowdhury and Savio Shetty DAVOS, Switzerland, Jan 20 (Reuters) - Ingka Group, the owner of most IKEA stores, sees demand in Europe to continue rising in the current…

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IKEA offers cash, larger discounts to help staff weather soaring living costs

STOCKHOLM (Reuters) - IKEA retailer Ingka Group is launching a 10 million euro ($10 million) social fund and bigger staff discounts to support employees struggling to cope with higher living…

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IKEA reports record sales as price hikes offset weakening consumer confidence

STOCKHOLM, Oct 13 (Reuters) - Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and easing effects from the pandemic made up for supply shortages,…

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IKEA stores owner buys 49% stake in Swedish wind power projects

STOCKHOLM, Aug 29 (Reuters) - Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in three wind development projects offshore Sweden…

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UPDATED: IKEA temporarily closes stores in Russia, warns of higher prices

STOCKHOLM, March 3 (Reuters) - IKEA, the world's biggest furniture brand, is closing its stores in Russia and pausing all sourcing in the country and ally Belarus, joining the wave of Western…

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IKEA to increase prices by average of 9% due to increased supply chain costs

STOCKHOLM, Dec 30 (Reuters) - The world's biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the…

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Ikea to raise prices as supply chain problems bite

The owner of the IKEA furniture brand said it would raise prices due to supply chain challenges far into 2022, after it reported a drop in full-year profit due to…

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Tenants’ sales at IKEA’s shopping malls grow 16%

STOCKHOLM, Nov 1 (Reuters) - IKEA's shopping malls business, one of the world's biggest, said on Monday its tenants' sales were up 16% at constant exchange rates in the 12…

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IKEA to shift more production to Turkey to shorten supply chain

Sweden's flat-pack furniture giant IKEA is planning to move more production to Turkey to minimise problems with global supply chains and increased shipping costs, the company's chief financial officer for…

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Banks beware, outsiders are cracking the code for finance

Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and…

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Ikea France goes on trial for spying on private lives of staff

The French branch of Swedish retailing giant Ikea goes on trial Monday accused of running an elaborate system to spy on staff and job applicants using private detectives and police…

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IKEA branches out into consumer banking

IKEA stores owner Ingka Group said on Thursday it had agreed to buy a 49% stake in financial services partner Ikano Bank as part of a push to boost its…

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IKEA to stop printing its famous catalogue

Ikea has decided to stop publishing its famous print catalogue after 70 years. "Consumer behavior has changed and fewer people read the Ikea catalog than a few years ago," the…

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IKEA gets sales boost from shoppers’ new stay-at-home focus

IKEA sees sales returning to growth this year after the coronavirus crisis boosted shoppers' interest in spending more on their homes, a trend the world's biggest furniture retailer believes is…

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IKEA’s shopping centres arm aims to open its first U.S. mall within a year

IKEA's shopping centres business hopes to open the doors of its first mall in the United States within a year, in San Francisco, its managing director Gerard Groener told Reuters…

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Police called at Glasgow’s Ikea as thousands planned turning the place into a mass hide and seek game venue

Ikea stores are so big some people find it’s easy to get lost. At the weekend, thousands decided to put the theory to the test. The Scotsman reports that police…

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