Furniture
Ikea has commissioned the design of a fully white and transparent version of its logo, in order to better meet the requirements of online communication and e-commerce. That does not mean the famous yellow and blue logo is dead and buried, however.
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Food
Coop has acquired all 163 Swedish stores of the Danish Netto chain. However, the deal is still awaiting permission from the competition authorities.
Fashion
Swedish fashion chain H&M will reintroduce delivery costs for small orders, even to membership card holders. This way, the company hopes to save on logistical expenses and repair the group's profitability.
This week, Ikea has opened its first city centre store in Paris. The Swedish chain has been experimenting with smaller store concepts for a while now, in order to respond to the growing competition from e-commerce - albeit with mixed results...
According to CEO Jesper Brodin, any new stores Ikea opens will be smaller city stores. He claims product prices are sure to drop, but home delivery will become more expensive.
H&M is pulling the plug on Nyden, a Los Angeles-based subsidiary brand that was created to appeal to young people by working with influencers and celebrities. The brand barely lasted for a year. Meanwhile, the group is investing in innovative store concepts.
Swedish fashion chain H&M has released a stellar report for the past quarter, but despite its record growth the group is punished by the stock market, which believes H&M's discounts are not sustainable.
Heavy investments in logistics and digitisation have taken quite a bite out of Ikea's profits in the past financial year, as the Swedish furniture chain has decided not to burden its customers with these costs.
General
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.
Swedish fashion giant H&M saw its turnover increase by 9 % in the third quarter, but profits fell due to the implementation of new logistical systems.
A warmer store environment, yoga lessons and espresso: these are some of the ingredients with which Swedish fashion retailer H&M intends to become more relevant to consumers. The chain just opened a renewed concept store in Stockholm.
Swedish fashion group Hennes & Mauritz has published a fourth consecutive quarterly turnover that was lower than expectations. The group that owns chains like COS, Monki and &Other Stories saw its profit drop by 21 %, despite a (slightly) higher turnover.
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.
Swedish H&M has opened a web shop on Chinese platform Tmall. The company has been through a difficult year with a turnover drop, and the cooperation with Alibaba's platform is a first step following its new strategy that focuses more on online sales.
Swedish fashion chain Hennes & Mauritz had to present less than favourable results for its new fiscal year: investor trust has dwindled, now that sales in its home territory have also dropped for the first time in decades.
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”;
