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.
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »
