IKEA is a Swedish-origin Dutch-headquartered multinational group that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, among other useful goods.
December 18, 2020At a time when the pandemic has caused consumers to rethink everything from how they get their food to where they want to work, the latest lifestyle trend that’s getting ...
December 11, 2020In this week’s news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers’ digital shopping trends. The Weekender is here to ...
December 8, 2020In today’s top retail news, G-III Apparel Group reported that net sales dropped 26.7 percent as its Wilsons Leather and G.H. Bass brands suffered, while the Rakuten In-Store Network has ...
December 7, 2020It’s been a seven-decade-long run, but Ikea is formally saying goodbye to its printed catalog.
The decision was announced Monday (Dec. 7) as the Ikea brand continues to shift itself to ...
November 3, 2020IKEA said it’s ready to forge ahead, despite new COVID-19 restrictions in Europe that threaten economic recovery.
Martin van Dam, chief financial officer of Inter Ikea, the main company of the ...
October 14, 2020As part of its goal to become “a fully circular and climate-positive business” by the turn of the next decade, IKEA plans to buy back furniture to sell as pre-owned ...
September 2, 2020Home space and renovations platform Livspace, which counts Goldman Sachs and IKEA among its investors, has ended a funding round intended to bolster expansion in Asia and come away with ...
June 23, 2020TaskRabbit CEO Stacy Brown-Philpot has announced a plan to step down from the company at the end of August, according to a report by The New York Times.
Brown-Philpot, one of ...
March 17, 2020On the West Coast of Sweden, workers at an IKEA store stumbled on a coronavirus-fighting treasure trove: 50,000 unused face masks to donate to a local hospital, according to a ...
February 21, 2020It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news.
We have deep dives ...
February 21, 2020Brick-and-mortar retailers are teaming with fashion resale platforms as they support the circular fashion economy. Gap Inc., in one case, is partnering with thredUP to allow shoppers to exchange their ...
February 20, 2020In today’s top news, the European Commission has plans to pool its data to better compete with Big Tech firms, and Goldman Sachs warns that the coronavirus outbreak could cause ...
February 20, 2020 Among the more famous aphorisms of Benjamin Franklin was his 1748 observation that “time is money” — a fancy way of saying that making money requires the input of time, ...
February 18, 2020With a move that could change how shoppers buy merchandise, IKEA is allowing consumers to essentially pay with their time. IKEA Dubai is launching a campaign that will let shoppers ...
February 7, 2020Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven, in one case, is experimenting with ...
February 5, 2020With the infrequent closing of one of its stores, IKEA is expected to shutter a British location as the retailer says the store had a “substantially lower” number of shoppers than first ...
January 21, 2020Swedish furniture company IKEA now has a second online-only store in India, this one in Pune. The store follows an earlier, similar model that opened in Mumbai without an actual ...
January 20, 2020As evidence mounts that more consumers are doing more commerce from the comfort of their homes, there are also big changes when it comes the retail involved in that comfort ...
January 16, 2020As the retail landscape adjusts to more online shoppers, traditional brick-and-mortar retailers are reacting to customers’ changing lifestyles – including how they arrive at their stores.
Swedish household giant IKEA is ...
January 10, 2020IKEA has announced it is cutting ties with Amazon, a move that other brands like Nike, Birkenstock and PopSockets have also done recently. However, according to a report by CNBC, ...
November 8, 2019Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. UPS subsidiary UPS Flight Forward Inc. and CVS Health Corporation ...
November 6, 2019IKEA and Hennes & Mauritz (H&M) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. 6).
IKEA, the ...
October 18, 2019One of the basics of platform design and ignition is getting “anchor tenants” on board who — given their size, scale and profile — tend to attract other stakeholders to ...
October 10, 2019The last few days has brought new retail news from China, as the NBA tries to keep hold of its commerce presence in that country after controversy involving the protest ...
October 4, 2019Look to furniture and home furnishings to drive more retail innovation.
That includes robots.
The era of robotic furniture is upon us – or it will be in 2020, if IKEA’s partnership ...
October 3, 2019The long-term battle for payments and commerce supremacy is hitting close to home — literally. And that battle is increasingly involving the heaviest of heavyweights in the digital economy, all of ...
October 2, 2019IKEA is making big moves into the smart home ecosphere with its biggest investment in decades.
The company wants to become a player in the field and take on companies like ...
September 27, 2019Brick-and-mortar retailers are expanding their efforts to provide customers with health and wellness services while taking steps to train their employees for healthcare roles. Walmart, in one case, is adding healthcare to its ...
September 23, 2019Following a slowdown in sales growth in the country, IKEA is making its largest annual investment in China.
The furniture retailer is putting over $1.4 billion into an expansion drive in the ...
August 18, 2019Ikea is going deeper into the Internet of Things (IoT), furthering its investment in smart home technology and products, TechCrunch reported on Saturday (Aug. 17).
The household goods and furniture company ...
June 5, 2019The era of robotic furniture is upon us, or it will be in 2020, if IKEA’s partnership with Ori to bring robotic furniture to the market pans out as planned. ...
May 30, 2019With an array of options at their fingertips, consumers find and pay for retail purchases ranging from clothing to cosmetics through a variety of channels. Consumers might seek the help ...
May 27, 2019IKEA is gearing up to roll out a new retail app that will enable consumers to shop online for products they can use in their homes. According to Reuters, the ...
May 20, 2019A popular interior design startup in India, Livspace, has received an investment from Ingka Investments, the venture capital arm of IKEA, according to reports.
Last year, Livspace secured investments from ...
May 10, 2019Online brands are exploring the world of physical retail with brick-and-mortar stores, and this week, fashion eTailers continued to expand their brick-and-mortar footprints in two somewhat different and distant cities ...
May 6, 2019As IKEA moves to create a new range of stores to meet the changing habits of consumers, the furniture retailer opened its first store in the center of Paris. The ...
April 12, 2019It’s the end of a busy week, one full of news about payments and commerce. We here at PYMNTS are as excited about the weekend as you are, but before ...
April 11, 2019IKEA has opened its first Manhattan store, but it’s unlike any of the retailer’s other U.S. locations.
The 17,000 square-foot store, located in Manhattan’s Upper East Side, is about one-twentieth the ...
February 13, 2019Ikea, the furniture retailer, is reportedly looking at launching an online site that sells its own products as well as furniture from competitors.
According to a report in The Financial Times citing ...
February 11, 2019Retail furniture giant Ikea’s recent acquisition of handyman site TaskRabbit shows that it’s aware of competition from other online-only furniture retailers, and their push of services like installation and delivery, ...