Furniture | RetailDetail

Furniture attracts 45 million euro

Online furniture shop 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.

Ikea will invest in more Citystores

Ikea wants to open smaller stores in city centers, starting in 2019. These stores should attract people without cars, a move that should tap into the world’s rapid urbanization and digitization.

CASA further expands web shop

Interior design store chain CASA continues the rollout of its “click & collect” web shops. It already implemented this new formula in Belgium, France and Luxembourg, but will now tackle Switzerland, Spain and Portugal.

Amazon launches first own furniture brand

American eCommerce giant Amazon has once more launched new private labels. This time, it has entered the sports clothing and furniture industries with its own brands.

Beter Bed Holding continues growth, except in Germany

Beter Bed Holding’s third quarter turnover grew 3.3 %, performing well in every market aside from Germany. It still faces the aftermath of a poison-related issue there.

èggo seeks international expansion to celebrate tenth anniversary

Belgian kitchen manufacturer èggo celebrates its tenth anniversary this year, and the party mood causes the company to look forward to the next few years: it will launch a new store formula and continue its international expansion.

4 % growth for Ikea, which seeks more online sales

Swedish furniture chain Ikea saw its turnover grow 3.8 % to 34.1 billion euro in its past fiscal year. The Swedes' ambition doesn't end there: a new digital platform and an urban store concept should further raise sales figures. 

Design label Serax has new majority shareholder

Investment firm Buysse & Partners acquired design platform Serax, known for selling designs by  Belgians like Pascale Naessens and Sergio Herman. Its new owner wants to expand the product range and is also targeting foreign markets.

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