Ikea Blog

Deceiving performance for Ikea In Czech Republic

Ikea — Fri, 18 Feb 2011 05:39:55 +0000

Swedish furniture retailer Ikea 4 stores in the Czech Republic slow sales resulted to a net profit of only Kc337.2m ( Compared to Kc666.8 million of last year) from financial year ending in August 2010 although the number of visitors were slightly higher than in 2009

Is IKEA Thriving in China?

Ikea — Thu, 17 Feb 2011 06:59:33 +0000

Amazingly China’s home furnishings market is growing quite well although some analysts have pointed out that the DIY (Do It Yourself) culture is not present yet in China. But is Ikea in China doing well?

The answer is YES. The reason is that labor costs are relatively low therefore hiring someone to do the work than to do it themselves is a price homeowners are willing to pay. Local culture in China has to be understood and apparently there are some DIYfurniture companies made the same mistake not to adapt to the local culture of China and the understanding the market.

Fifteen years ago, owning a house in China has gone from almost zero to approximately 65 – 70 percent. The learning curve how to decorate the Chinese home from western influence can be very step. This is why IKEA is doing very well in China. The models of bedrooms, kitchen, dining rooms all fitted together give the people of China free inspiration how to furnish their home, especially for young couples.

IKEA store in Shanghai is a 350,000-square-foot building offering over six thousand of products filled with customers ready to buy the latest stylish furniture & household appliances for their new homes.

Since the Chinese consumer market is young and still emerging, where thousands of new home owners are added every month, companies cannot ignore the potential of this huge market. IKEA plans to increase the number of stores from current eight to fifteen by year 2015. In a country

IKEA store in Netanya burns down by short circuit

Ikea — Wed, 16 Feb 2011 13:56:13 +0000

A massive fire on Saturday the 5th of February 2011 completely burned down IKEA Swedish furniture store in Netanya (Isreal) near Poleg junction on the coastal road, destroying all the merchandised inside and the complete building as well. The fire started in the early morning of Saturday on the east section of the building; luckily no one was in the building at the time of the accident.

The fire was caused by a short circuit conclusion from the police investigation thus excluding the arson theory. It was caused by water entering the electrical systems. The Fire services of Netanya is still investigation the reason why the fire detention system was unable to prevent such an unfortunate disaster.There are plans to rebuild and reopen the store within one year.

Ikea Furniture range 2011

Ikea — Tue, 15 Feb 2011 10:29:34 +0000

Have a glance at the new range of furniture IKEA 2011.

Cats Happy Inside by Ikea

Ikea — Mon, 14 Feb 2011 14:17:47 +0000

India expects to double sales in India

Ikea — Fri, 11 Feb 2011 13:28:51 +0000

India’s overall sales revenue in 2010 was approximately USD 370 billion and it forecasts salesfigures will will grow to USD 680 billion by 2014 according to Business Monitor International, a London research firm.

The Swedish home affordable stylist retailer Ikea earned next to nothing in terms of money in India as Indian government would not lift the caps or limits on foreign direct investment. Plans to open stores across the country was scrapped

The newly appointed IKEA chief executive Mikael Ohlsson mentioned at a conference that he is keen to do business in India and is planning to increase the amount of goods purchased in India in the next four years to a staggering 1.2 – 1.4 Billion USD .

This new initiative will give Ikea chief executive hopes to enter the retail market however foreign investors require partnership deals to a maximum of 49% with local companies to be able to open store throughout India. For Ikea it is a requirement where local companies may find hard to accept due to the fact that it may take years to get back money from their investment.

Ikea Leko Car

Ikea — Tue, 28 Dec 2010 18:55:37 +0000

There were many rumors about Ikea creating an ecological car called Leko. A lot of people thought that is a joke because the news was launched on April 1. According to these rumors, the Ikea Leko car, which is prepared by the Swedish company, is environment friendly, practical, and accessible for everybody. The malicious people are wondering if the car will be already assembled or the buyer can assembly it at home, in the usual Ikea way. The Ikea Leko car promises to be very responsible regarding the pollution problem and also to have a cheap price which sounds perfect.

The Ikea Charity foundation

Ikea — Tue, 28 Dec 2010 18:53:56 +0000

The Ikea charity foundation is actually a foundation owned by the Ikea` s founder, Ingvar Kamprad. The name of the foundation is the Stichting INGKA, the first name meaning ‘foundation’ in Dutch and the later being a combination of the owner` s two names. It was founded in 1982 and its goal is to support and to promote the innovation in areas as the interior design and architecture. But the owner wants the foundation to be involved in more social causes and this is why he asked the Dutch court to allow the foundation to donate money for social problems.

Ikea Paper and Media Organizers

Ikea — Tue, 28 Dec 2010 18:51:45 +0000

Your office needs to be a little organized? Ikea paper and media organizers will help you to find anything much easier! You can find mini chests with 3, 5 and 9 drawers, boxes with lid of various colors and shapes, colorful pen holders, magazine files, media storage, letters tray sets, book-ends, magazine racks, sets of two magazine files, sets of two boxes with lid, CD boxes with lid, DVD boxes with lid, magazines box with lid, folders, notice boards, desk pads, mouse pads, household files, boxes for paper with lid, storage racks for writing materials, writing/magnetic boards, tv storage units.

Ikea Kulla Table Lamp

Ikea — Tue, 28 Dec 2010 18:49:42 +0000

A table lamp is always a necessary accessory for your home or office. If you want a nice one, then the Kulla table lamp from Ikea is the perfect one! It is available in three beautiful colors: white, red and black, it has a diffuser on its top which offers a glare-free light. The lamp also has a touch dimmer, built-in-three-way; if you want to turn on, off or to dim the lamp all you have to do is to use the dimmer. The light source is not included. You can complete this lamp with other ones in the same series.