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- 2023 -13 NovemberNews
Ikea owner snaps up Brighton shopping centre
Ikea’s owner Ingka Group has reportedly acquired Brighton’s Churchill Square Shopping Centre, According to The Guardian. The £145m deal will see the furniture retailer converting Brighton’s Churchill Square Centre into a new Ikea store, which is expected to open within two years. The latest acquisition comes three years after the…
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Oct- 2023 -13 OctoberNews
Today’s news in brief-13/10/23
The John Lewis Partnership has appointed Martin Gafsen as its new director of property. Gafsen, previously the interim corporate finance director at Royal Mail, brings extensive experience in property management. He led the strategy for Royal Mail’s nationwide freehold and leasehold estate for 16 years. Additionally, Gafsen was responsible for…
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13 OctoberDIY
Ikea sees sales jump 6% to €47.6bn
Ikea has posted sales of €47.6bn (£41.1bn), up 6.6% compared with FY22, for the year ended 31 August 2023 despite facing what it called the “continued challenge of lower sales quantities”. Alongside this, the company’s UK sales rose 11.9% to £2.46bn, with the company stating that number was boosted by…
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Sep- 2023 -11 SeptemberEconomy
Retail leaders call for business rates freeze
Leaders of major retail businesses have written to chancellor Jeremy Hunt calling for a freeze in business rates in the upcoming budget, according to the Times. The CEOs of 44 of the UK’s biggest retailers such as Aldi and Ikea believe that more than £400m would be added to rates…
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Jun- 2023 -1 JuneNews
Ikea owner acquires supply chain solution provider Made4net
Ingka Group, owner of Ikea, has recently acquired Made4net, a leading US-based supply chain software solution provider, to improve its order fulfilment landscape. As part of its business development investments portfolio and overall retail transformation, Ingka Group will integrate Made4net’s fulfilment operations system to improve the omnichannel experience for customers…
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May- 2023 -10 MayNews
Ikea opens new 452,000 sq ft Dartford distribution centre
Ikea UK has recently opened a new 452,000 sq ft customer distribution centre in Dartford, Kent. This new multi-million pound facility will enable faster, more sustainable home deliveries to customers in London and the southeast of England, according to the group. Located at the former Littlebrook Power Station site near…
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Apr- 2023 -5 AprilSponsored Articles
Furniture brand boosts revenue by 20% with clever planning technology
Key facts Online-only DTC e-commerce merchant specializing in high-end, flatpack furniture, established in 2015 Uses Inventory Planner for real-time forecasting, intuitive buying recommendations and daily inventory reporting Impact: Sales revenue boosted by 20%, £200K saved on stock holding, cash flow protected, overstock eliminated Sales growth of 95% over the last…
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Mar- 2023 -24 MarchDepartment Stores
Ikea signs legal agreement with EHRC to tackle sexual harassment
Ikea UK has signed a legal agreement with the Equality and Human Rights Commission (EHRC), to improve its policies and practices in relation to sexual harassment after a complaint by a former employee. The agreement comes after the EHRC was made aware of an allegation of sexual assault and harassment…
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Feb- 2023 -27 FebruaryPeople Moves
John Lewis hires new design director
John Lewis has appointed Charlotta Elgh as its first director of design for home. The retailer revealed a shift in the design direction for home and Elgh will be spearheading this move with her spring collection. This will include moving away from multiple trends to introduce a new, “pared back…
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Dec- 2022 -19 DecemberDepartment Stores
Ikea UK profits fall by nearly a fifth despite £2.2bn in sales
Ikea UK has announced that its profits have fallen nearly a fifth to £49.6m, despite posting sales of £2.2bn for the full year ended 31 August 2022. The company’s total online sales grew to 36% compared to 19% in 2019. Consumers also returned to stores, with store visitation increasing by…
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