September 3,
2013 by in Business Strategy, Industry 
Swedish furniture retailer Ikea plans to accelerate store expansion, a part of its strategy to double sales to around $66 billion by 2020.
The announcement came from Ikea veteran Peter Agnefjall, who became CEO last week. Agnefjall aims to generate 5 percent annual sales growth in existing stores, while another 5 percent sales will come from new store openings.
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Source: Retail Business Review
August 29,
2013 by in Business Strategy, Industry
Sweden-based home furnishing giant IKEA Group opened its first wholly owned manufacturing facility in China on Wednesday, through subsidiary IKEA Industry Group, in a bid to support its rapid expansion in Asia - especially China.
The factory, which will make wooden products, is in Nantong, Jiangsu province, a manufacturing hub for home furnishings and interior decoration material. The factory will supply IKEA stores, mainly in China.
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Source: China Daily
August 28,
2013 by in Business Strategy, Industry
With cheaper offshore competition flooding the market, furniture manufacturers have become an endangered species in Canada.
Surajit Biswas is one of those species, but he's in no danger of dying. He's been surviving for the past 25 years. He's endured recessions, foreign competition, a fire, shifts in technology and changes in retail tastes.
"We are absolutely unique," he says of S.B. Leather Canada.
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Source: Waterloo Region Record
August 27,
2013 by in Business Strategy, Industry
Home furnishings retailer Crate and Barrel has partnered with Italian designer, architect, art director and interior designer Paola Navone.
August 27,
2013 by in Business Strategy, Industry
Twin-Star International has partnered with HGTV’s real estate and renovation television show, "Love It or List It."
August 27,
2013 by in Business Strategy, Industry
Analysts are optimistic about revenue and profit gains at home furnishings retailer Restoration Hardware (RH)....
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Source: Investors Business Daily
August 26,
2013 by in Business Strategy, Industry
Home furnishings supplier Abbyson Living has been named to the Inc. 500, Inc. magazine's annual listing of the fastest growing private companies in America.