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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Jun- 2024 -17 JuneNews
Today’s news in brief-17/6/24
Superdry’s shareholders have approved a restructuring plan to rescue the company from financial difficulties. This plan, following the approval of creditors, includes a £10m equity raise and delisting from the stock market. Founder Julian Dunkerton will underwrite the equity raise, which the company believes will provide sufficient liquidity for its…
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17 JuneNews
M&S appoints new stores director of West division
M&S has appointed Ikea’s UK&I country deputy retail manager Marsha Smith as the new stores director of the West division. Smith, who will take up the new role in September, has worked for Ikea since 2004 in various roles, including becoming president of the Canadian arm. She was also responsible…
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7 JuneNews
Today’s news in brief-7/6/24
The British Independent Retailers Association (BIRA) has initiated a £1bn damages claim against Amazon on behalf of UK retailers selling on its marketplace. BIRA accuses Amazon of misusing retailers’ data and manipulating the Amazon Buy Box to divert sales and profits from these retailers to its own business. This claim,…
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7 JunePeople Moves
Dunelm non-executive director exits
Dunelm has announced that Arja Taaveniku, an independent non-executive director of the company, has informed the board of her decision to step down from her role at the end of 2024. The news follows her acceptance of a full-time position as CEO of Home Centre, a home furnishings company in…
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Apr- 2024 -15 AprilFeatures
How to adapt your store seasonally
In the retail world, where competition is fierce and consumer expectations are ever-evolving, the adaptation of store environments to reflect seasonal changes and holidays is not just a matter of aesthetics, it’s a fundamental strategy for success. Beyond decoration, seasonal and holiday adaptations offer retailers a unique opportunity to engage…
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Mar- 2024 -19 MarchNews
Today’s news in brief-19/3/24
Castore has secured the Umbro Pro Team Sports licence. This strategic move positions Castore as an exclusive marketer of Umbro products in several European countries, including the UK, Germany, and the Netherlands. Through this partnership, Castore aims to capitalise on Umbro’s heritage and authenticity in football culture, targeting a new…
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19 MarchDIY
Ikea introduces new round of price cuts ahead of Easter
Ikea has announced its next wave of price cuts on hundreds of its most popular items ahead of the Easter holidays, to provide customers with a more affordable life at home. The group is passing on £125m in savings as cost pressures ease out. As a result, 400 items are…
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Feb- 2024 -1 FebruaryNews
Today’s news in brief-1/2/24
Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process will be handled by Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants. The majority of the debt is owed to current and former owners, including Diamond DCO One,…
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1 FebruaryDIY
Ikea UK turnover hits £2.5bn as profits double in FY23
Ikea UK has seen turnover hit £2.46bn in FY23, with total sales up by 11.9%, as operating profits almost doubled from £49.6m to £111.2m. Trade was particularly boosted by click and collect purchases, which soared by 48% over the period. In addition, there were one million new visits to IKEA…
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Nov- 2023 -13 NovemberNews
Today’s news in brief-13/11/23
Retail theft is projected to cost UK retailers £7.9bn in 2023, with a notable increase in employee theft. Thruvision Group plc and Retail Economics conducted the research, revealing that shoppers contribute to 60% of the theft (£4.7bn), while employees, particularly in distribution centres, contribute 40% (£3.2bn). Employee theft in DCs…
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