Swedish furniture chain Ikea plans to cut 7,500 jobs as part of its transformation plan, which should help the retailer cope with "changing customer behaviour". On the other hand, the chain will create 11,500 jobs in emerging markets.
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Swedish furniture chain IKEA intends to tackle the issue of plastic in our oceans. The company has joined the NextWave initiative, which plans to re-use plastic waste before it ends up in one of the oceans. IKEA is looking to position itself as the first commercial retail chain in the world to focus on plastic waste.
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In order to better meet the expectations of online shoppers, Ikea is changing its store policy. A new type of inner city shops should become the 'missing link' between its usual large department stores and the web shop.
Swedish Ikea wants to start in another dozen new markets in the coming years. In mature markets, like Belgium, the Swedish chain will cut back on its activities.
Ikea's city centre shops are not proving to be successful: in Norway, the Swedish chain is closing three such locations as profits are falling and cost cutting measures are necessary.
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.
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.
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.
SPACE10, furniture giant Ikea’s innovation lab, will present a healthy alternative to the classic hamburger, where the meat is replaced by red beets and mealworm. It is also working on a “dogless hotdog”;
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.
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.
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.
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.
Swedish furniture giant Ikea aims to experiment with furniture rentals and buy-backs, in an attempt to meet customers' sustainability demands. It would also allow Ikea to process the used furniture in a sustainable way.
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.
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.