January 12,
2021 by Laurie Northington in Industry, Store Openings
Ikea Retail U.S. has announced that the new Ikea Queens, NY store in the Rego Center shopping mall is now open to the public for shopping.
October 8,
2020 by Jane Chero in Business Strategy, Industry
After a slight dip in annual revenue Ikea plans to open 50 new smaller format stores around the world. The Swedish furniture giant says many of these new locations will be smaller or based in the heart of cities as they aim to move away from their traditional warehouse format.
April 1,
2020 by Laurie Northington in Business Strategy, Industry
Ikea has announced it is producing face masks and other protective gear for hospitals to help meet equipment shortages during the coronavirus pandemic, according to a report from Reuters.
March 18,
2020 by Jane Chero in Business Strategy, Designer Weekly, Industry
Ikea, the word’s biggest furniture brand, will temporarily close all 50 store locations across the U.S. as well as the Ikea Planning Studio in Manhattan. The decision was made by Ikea leadership as a pre-cautionary measure due to the rapidly evolving novel Coronavirus (COVID-19).
September 26,
2019 by Jane Chero in Business Strategy, Industry
Swedish behemoth Ikea announced its annual retail sales have exceeded $44 billion, for the first time in company history.
August 21,
2019 by Laurie Northington in Business Strategy, Industry
Ikea has announced its decision to invest more in its home smart area by establishing Ikea Home Smart as its own business unit within Ikea of Sweden.
July 31,
2019 by Laurie Northington in Business Strategy, Industry
Ikea has announced the release of the 2020 Ikea U.S. catalog, available in-store and online, featuring new lower prices on products throughout and over 280 pages of design inspiration and solutions for achieving a fresh start at home.