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.
-
Aug- 2020 -18 AugustClothing & Shoes
C&A chairman outlines revival plans
C&A chairman Allan Leighton is reportedly planning to “turnaround” the 179-year-old clothing retailer, by making the company independent of its founders the Brenninkmeijer family. According to the Financial Times (FT), the group’s current CEO, Edward Brenninkmeijer, is set to leave his seat as CEO Europe and overall CEO for a…
Read More » -
Mar- 2020 -23 MarchEconomy
FCA asks companies to delay preliminary financial accounts
The Financial Conduct Authority (FCA) has requested companies which were due to issue its preliminary trading updates in the next few days to delay publication, amid the ongoing disruptions caused by the outbreak of the coronavirus. The FCA urged all listed companies to observe a moratorium on the publication of…
Read More » -
20 MarchHigh Street
Ikea to temporarily shutter all UK stores amid Covid-19 pandemic
Ikea UK and Ireland has said it will temporarily close its stores to customers at 6pm on Friday 20 March, as a “precautionary measure” against the ongoing risk of Covid-19. In line with recommendations from local authorities, the retailer said it had already put additional precautionary measures in place, including…
Read More » -
20 MarchClothing & Shoes
TK Maxx closes UK stores amid Covid-19 virus outbreak
Discount store TK Maxx has become the latest retailer to take the decision to temporarily close its stores amid the recent outbreak of coronavirus. TK Maxx has announced all stores in the United States, Canada, Europe and Australia have will close for two weeks. The company has also announced it…
Read More » -
Feb- 2020 -17 FebruaryAnalysis
The evolution of the Ikea experience: What’s next?
With the news last week that Ikea is to shut its first big UK outlet in Coventry, we can take this as a sign that the Swedish furniture retailer – the world’s largest – needs to accelerate the evolution of its customer experience. Arguably, the first of the real experiential…
Read More » -
12 FebruaryDIY
Inter Ikea appoints new CEO
Inter Ikea has announced that Torbjörn Lööf, who has been the company’s CEO for the past seven years, is to step down from his role and will be replaced by Jon Abrahamsson Ring. To ensure a “good handover”, Ikea said Ring, who is a former assistant to Ikea founder Ingvar…
Read More » -
4 FebruaryHigh Street
Ikea reveals plans to shutter first UK store, 352 jobs at risk
Ikea UK has announced the proposed closure of its Coventry store in summer 2020, putting 352 jobs at risk. The Coventry store, one of 22 Ikea stores in the UK, was built in 2007 in the city centre one of the earliest examples of the company testing a “new format…
Read More » -
Nov- 2019 -27 NovemberDIY
Ikea profits slip amid increased focus on online business
DIY retail giant Ikea has reported a 10% decrease in profits for the year to the end of August 2019, amid an increased focus on its online business. The retailer said online sales growth was close to 50% during the period and is now surpassing 10% of total retail sales.…
Read More » -
7 NovemberDIY
Ikea UK sales top £2bn in 2019
Furniture retailer Ikea has announced that total annual sales in the UK have soared by 8% to £2.1bn for the year ended 31 August 2019. The retail giant said it has continued to “outperform” the market in home furnishings, with an increase to 9% in the company’s UK market share,…
Read More » -
Oct- 2019 -8 OctoberDIY
Ikea could face large EU back-tax bill
Swedish furniture giant Ikea is facing the possibility of having to pay millions of euros in back taxes, as the European Commission nears its investigation into the company. According to CityAm, the two-year probe into Ikea, which was launched after its parent company Inter Ikea was found to have avoided…
Read More »
