Ikea
This coverage examines Ikea’s operations and strategy within the UK retail market, including store developments, product launches, sustainability initiatives, and leadership decisions. Reporting focuses on how Ikea adapts its business model, supply chain, and customer experience to meet market demands — offering insight for executives, managers, and professionals engaged in homeware, furniture, and large-format retail.
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Nov- 2024 -19 NovemberNews-In-Brief
Today’s news in brief-19/11/24
Morrisons has achieved a significant reduction in its debt, cutting it by £2.4bn as part of a major restructuring. Since the start of 2023, the supermarket’s debt has dropped from £6.2bn to £3.8bn, supported by a £370m ground rent deal with Song Capital. The restructuring extended Term Loan Facilities to…
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19 NovemberHigh Street
Ikea to open Oxford Street pop-up ahead of 2025 flagship launch
Ikea has announced it is set to open a new ‘Hus of FRAKTA’ pop-up on London’s Oxford street on the 28th November, as it prepares for its flagship store launch next year. The pop-up is dedicated to “one of the most iconic symbols” of the IKEA brand, the blue FRAKTA…
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11 NovemberDepartment Stores
Ikea profits rise despite sales falling 8.9% in FY24
Inter Ikea, owner of the Swedish furniture brand, has reported higher profits despite a decline in revenues during the year that ended on 31 August 2024. In the retail segment, revenues for the group were down 8.9% to €26.5bn (£21.9bn), compared to €29bn (£24bn) in FY23. Meanwhile, operating profit slightly…
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4 NovemberFeatures
The future of contactless technologies in retail
With contactless checkouts and touchless transactions rapidly reshaping how people shop, retailers are seeking to harness technology to improve convenience, safety, and efficiency for both consumers and employees. The retail landscape is already saturated with innovations like mobile payment systems, QR code-based payments, and self-checkout kiosks. However, what else lies…
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Oct- 2024 -28 OctoberAdvice
Behind the curtain of retail logistics at DHL Supply Chain
Most consumers think of the shopping experience as the final click online or the moment they walk out of a store with bags in hand. But what happens behind the scenes to ensure that products are on the shelf, or that parcels arrive at our doorsteps on time, is a…
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24 OctoberNews
Klarna enters UK gift card market with launch of Gift Card Store
Klarna, the AI powered global payments network and shopping destination, has partnered with Blackhawk Network (BHN), a leading global branded payments provider, to launch Klarna’s Gift Card Store in the UK. This gives customers the ability to buy gift cards from an extensive selection of brands and pay for them…
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11 OctoberNews-In-Brief
Today’s news in brief-11/10/24
Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite the sales decrease, the strategy led to a 4.5% increase in store visits and a notable 21% rise in online traffic, driven by heightened consumer demand. This period also saw…
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11 OctoberDepartment Stores
Ikea sales dip 5.3% in FY24 after cutting prices
Ikea has seen a 5.3% decrease in retail sales to €45.1bn (£37.7bn) for its 2024 financial year as it “substantially” lowered its prices across 63 markets. However, as a result of the price decreases, the retailer saw a 4.5% upward trend both in store visitation and a 21% increase in…
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Jul- 2024 -23 JulyNews
Today’s news in brief-23/7/24
Tapi Carpets and Floors Limited has acquired the Carpetright brand and 54 stores following its collapse into administration. While over 300 jobs were saved, more than 1,500 employees face redundancy due to the challenging retail climate and recent cyber attack woes. Ikea plans to open 100 additional click-and-collect points at…
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23 JulyDepartment Stores
Ikea partners with Tesco to open 100 more click-and-collect points
Ikea has announced that it is planning to open 100 more click-and-collect points at Tesco stores across the UK to create a more accessible shopping experience. The news comes as the retailer opened its 100th mobile pick-up point, following a successful nationwide roll-out. The service is free of charge for…
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