Ikea
Ikea to ramp up US production as tariffs bite
The push for local production aims to support its expansion in the US, its second-biggest market, and the wider region
Ikea opens its farthest store from Sweden in New Zealand
[AUCKLAND] Ikea opened its first store in New Zealand on Thursday, entering its 64th market and marking the furniture retailer’s most distant outpost from its native Sweden.
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row
In China, global companies struggle as home-grown brands steal thunder
From BMW to Uniqlo and Ikea, global companies have soured on China’s outlook
Ikea buys US logistics tech firm Locus in online growth push
The takeover is in addition to a US$2.2 billion push by Ingka Group
Ikea to drive China furniture costs lower as price war deepens
While the company has trimmed prices globally, weak spending and intense competition have made cuts especially vital in the Asian nation
Ikea bets on online growth in China with JD.com launch
JD.com is the second Chinese ecommerce platform Ikea has joined, after opening a store on Alibaba’s Tmall in March 2020
Top Ikea retailer says in Davos that tariffs could drive prices higher
FOR budget furniture retailer Ikea, the fewer trade tariffs there are, the better, CEO of Ingka Group, the biggest global Ikea franchisee, told Reuters on Monday (Jan 20) as businesses braced for high...
Ikea reports higher profit despite revenue hit from price cuts
INTER Ikea, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its ran...
Ikea sales fall 5% after price cuts amid weak housing market
IKEA annual sales fell 5 per cent after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but it expects a ...
