The Business Times

Ikea

Global Enterprise

Ikea buys US logistics tech firm Locus in online growth push

Ikea China currently accounts for 3.5% of the company’s total global sales.
Consumer & Healthcare

Ikea to drive China furniture costs lower as price war deepens

Ikea plans to offer special discounts to mark the opening of the store which will sell 6,500 products, and use JD.com’s logistics network to deliver to homes.
Consumer & Healthcare

Ikea bets on online growth in China with JD.com launch

“Now we see people returning to bigger investments like wardrobes, kitchens, and so on,” said Jesper Brodin, CEO of Ingka Group.
Consumer & Healthcare

Top Ikea retailer says in Davos that tariffs could drive prices higher

Price cuts drove Inter Ikea’s revenues down 8.9 per cent to 26.5 billion euros (S$37.8 billion) for its financial year ending Aug 31.
Consumer & Healthcare

Ikea reports higher profit despite revenue hit from price cuts

Ingka Group, which owns most Ikea stores globally, reported 39.6 billion euros (S$56.6 billion) in sales for its financial year ended Aug 31.
Consumer & Healthcare

Ikea sales fall 5% after price cuts amid weak housing market

Ikea began testing smaller formats in the cities of Xi’an and Shenzhen earlier this year.
Consumer & Healthcare

Ikea will test smaller stores in China to woo cautious shoppers

The marketplace, called Ikea Preowned, will run until December and be centreed on the cities of Oslo, Norway and Madrid, Spain.
Consumer & Healthcare

Ikea pilots platform for secondhand furniture in Oslo, Madrid

The government hopes the auction for the right to build 1.5 gigawatts of capacity in the North Sea will be the starting point for massive offshore power developments in the years leading up to 2040.
Energy & Commodities

Japanese groups, Ikea-linked investor win first Norway offshore wind tender

Ikea, known for its do-it-yourself business model, has four outlets in South Korea, and offers online shopping and delivery.
Companies & Markets

Ikea plans to spend 300 million euros in South Korea to win market share

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