Furniture | RetailDetail

Furniture

Ikea plans to cut 150 jobs, including in Belgium and the Netherlands

Ikea will be cutting 150 jobs, some of them in the Belgian and Dutch branches as well. The plan is part of a major reorganisation effort to help prepare the furniture giant for the growing competition of large e-commerce players.

Beter Bed suffers from poor German results

Dutch mattresses group Beter Bed Holding saw its first quarter turnover drop 4 % compared to last year. Turnover went down in Germany, where a poison scandal forced results down by 12 %, but Switzerland and Spain performed even worse.

Jysk targets 100 Belgian stores

Danish Jysk will open another eleven stores in Belgium in 2018, bringing its total to seventeen. The Danish counterpart to Ikea aims to have about 100 stores in Belgium at some point.

Carpetright shuts down 20 % of its UK stores

Carpetright, caught in a downward spiral in the past year, will shut down a fifth of its stores in Great Britain in order to remain afloat. 300 people will subsequently lose their job.

Ikea plans city store in heart of Paris

Ikea is fully focused on becoming a global presence in urban centers. The furniture chain is currently looking for locations in Paris, Copenhagen, London and Southeast Asia to attract broader audiences with smaller stores.

“Ikea deducted a billion euro too much from its taxes”

In the past six years, Ikea unlawfully deducted about one billion euro from its taxes according to the European Commission’s preliminary findings. The EC launched an investigation into the Swedish company’s deal with the Dutch treasury.

Considerably lower profit for DIY giant Kingfisher

British DIY chain Kingfisher’s net profit dropped more than 20 % in the past fiscal year because of a restructuring plan in its native land and weak French sales.

Made.com attracts 45 million euro

Online furniture shop Made.com has attracted 45 million euro in a new investment round, which will be used to strengthen its position in current markets and to expand to new European markets. 

Ikea will "invest billions" to stay ahead of Amazon & co

In the next few years, Ikea aims to spend billions to “be as close as possible to the consumer” and to stay ahead of pure players like Amazon, according to new Chief Financial Officer Juvencio Maeztu.

Maisons du Monde surpasses 1 billion euro in turnover and targets UK

Maisons du Monde has broken through the 1 billion euro barrier in 2017. The French furniture chain continues its sturdy growth, also in the United Kingdom, but still adjusted its full-year forecast downward.

Ikea shows its store of the future

Ikea, in collaboration with Accenture, presented its store formula of the future at the Mobile World Congress. It was remarkable to see that it is a small inner-city store with (obviously) a lot of technology.

New leadership for Blokker Holding

On 6 February, Abel Slippens stepped down as chairman and member of the Board of Commissioners for Blokker Holding. Michiel Witteveen, who has plenty of retail experience, has succeeded him.

Ikea considers vegan customers

Swedish Ikea will now also manufacture vegan products. The first item will be the Veggie Dog, a vegan version of the hot dog. Local customers will have to wait until the summer to buy one here as well.

Willem Stox exchanges beds for lingerie: from Auping to Van de Velde

Willem Stox, bed specialist Auping’s director for Belgium and Luxembourg, will leave the company on 16 February and become lingerie group Van de Velde’s head of Belgium, Luxembourg and Scandinavia.

Strong year for Jysk's parent company

Danish Lars Larsen Group, which owns furniture chain Jysk, has reached record results in its fiscal year 2016/2017: the group generated a 4 billion euro (30 billion Danish krona) turnover  and its EBITDA was 3.4 billion Danish krona (450 million euro).

Who was the deceased Ikea founder Ingvar Kamprad?

Ingvar Kamprad introduced us to furniture in flat boxes and gave us hours of “puzzle fun” to create a closet. The inventor of DIY furniture and the founder of furniture chain IKEA has passed away in Sweden, aged 91.

Europe will investigate Ikea's tax constructions

The European Commission has officially opened an investigation into Swedish furniture chain Ikea’s tax constructions. The company has a main office in the Netherlands, but also circulates its profits to Liechtenstein and Luxembourg.

JYSK published record results once more

Danish JYSK published a record 3.36 billion euro turnover in its 2016-2017 fiscal year. Backed by more than 2,500 stores worldwide, it achieved yet another record.

Ikea opens two Belgian hotels in 2019

Swedish furniture chain Ikea will open two hotels in 2019, one in Antwerp and one in Ghent. Hotel chain Moxy, which it set up together with Marriot, is already present in New York, Paris, Tokyo, Chicago and London.