IKEA is a Swedish multinational conglomerate based in the Netherlands that designs and sells.
FactSnippet No. 443,808 |
IKEA is a Swedish multinational conglomerate based in the Netherlands that designs and sells.
FactSnippet No. 443,808 |
IKEA website contains about 12, 000 products and there were over 2.
FactSnippet No. 443,809 |
However, IKEA has been shown to be involved in unsustainable and most likely illegal logging of old-growth and protected forests in multiple Eastern European countries in recent years.
FactSnippet No. 443,810 |
IKEA further expanded in the 1980s, opening stores in countries such as France and Spain, Belgium (1984), the United States (1985), the United Kingdom (1987), and Italy (1989).
FactSnippet No. 443,811 |
IKEA entered Latin America in February 2010, opening in the Dominican Republic.
FactSnippet No. 443,812 |
In November 2021, IKEA opened its largest store in the world, measuring 65, 000 square metres, in the Philippines at the Mall of Asia Complex in Pasay City.
FactSnippet No. 443,813 |
In March 2022, IKEA announced the closing of all 17 stores in Russia, resulting from the 2022 Russian invasion of Ukraine, the first market in which they suspended business.
FactSnippet No. 443,814 |
IKEA was hit hard by COVID-19 due to lockdown in various countries, like UK and Canada.
FactSnippet No. 443,815 |
IKEA is facing stock shortages and shipping problems that may continue until end of 2022.
FactSnippet No. 443,816 |
IKEA stores are typically blue buildings with yellow accents.
FactSnippet No. 443,817 |
IKEA built these stores in response to UK government restrictions blocking retail establishment outside city centers.
FactSnippet No. 443,818 |
Japan was another market where IKEA performed badly initially, exited the market completely and then re-entered the Japanese market with an alternative store design and layout with which it finally found success.
FactSnippet No. 443,819 |
The IKEA entered the Japanese market in 1974 through a franchise arrangement with a local partner, only to withdraw in failure in 1986.
FactSnippet No. 443,820 |
IKEA adapted its store location and services to the 'inner-city' format for the expansion in China, unlike other countries where IKEA stores for economic and planning restriction reasons tends to be more commonly just outside city centers due to planning restrictions.
FactSnippet No. 443,821 |
Accordingly, in store design alternatives, IKEA has had to offer store locations and formats closer to public transportation since few customers had access to cars with which to buy and take-home DIY flat pack furniture.
FactSnippet No. 443,822 |
For example, one store design alternative trend that IKEA has implemented has been 'pop-up' stores along social media platforms in their advertising strategy for the first-time as a company to reach new customers demographics while still reinforcing its global brand locally in China.
FactSnippet No. 443,823 |
In 2015, IKEA announced that it would be attempting a smaller store design at several locations in Canada.
FactSnippet No. 443,825 |
Rather than being sold pre-assembled, much of IKEA's furniture is designed to be assembled by the customer.
FactSnippet No. 443,828 |
IKEA contends that it has been a pioneering force in sustainable approaches to mass consumer culture.
FactSnippet No. 443,829 |
Notable items of IKEA furniture include the Poang armchair, the Billy bookcase and the Klippan sofa, all of which have sold by the tens of millions since the late 1970s.
FactSnippet No. 443,830 |
In June 2021, IKEA Canada unveiled a series of 10 "Love Seats" inspired by different Pride flags, created by four LGBTQ designers.
FactSnippet No. 443,831 |
IKEA has expanded its product base to include flat-pack houses and apartments, in an effort to cut prices involved in a first-time buyer's home.
FactSnippet No. 443,832 |
In November 2015, IKEA ended its contract with Hanergy and in April 2016 started working with Solarcentury to sell solar panels in the United Kingdom.
FactSnippet No. 443,834 |
One of the motivating factors was the fact that inexpensive IKEA products were viewed as "disposable" and often ended up being scrapped after a few years of use.
FactSnippet No. 443,835 |
IKEA said it would test the rental concept in all 30 markets by 2020, expecting it to increase the number of times a piece of furniture would be used before recycling.
FactSnippet No. 443,836 |
IKEA sells plant-based meatballs made from potatoes, apples, pea protein, and oats in all of its stores.
FactSnippet No. 443,837 |
On 8 August 2008, IKEA UK launched a virtual mobile phone network called IKEA Family Mobile, which ran on T-Mobile.
FactSnippet No. 443,838 |
IKEA received approval for the concept from the city's planning commission in mid-November 2018; the building was to include 165 rooms and the property would offer 129 dedicated parking spaces.
FactSnippet No. 443,839 |
In September 2017, IKEA announced they would be acquiring San Francisco-based TaskRabbit.
FactSnippet No. 443,840 |
IKEA is owned and operated by a complicated array of not-for-profit and for-profit corporations.
FactSnippet No. 443,843 |
Inter IKEA Holding is in charge of design, manufacturing and supply of IKEA products.
FactSnippet No. 443,844 |
Inter IKEA Systems is owned by Inter IKEA Holding BV, a company registered in the Netherlands, formerly registered in Luxembourg.
FactSnippet No. 443,845 |
Inter IKEA Holding, in turn, is owned by the Interogo Foundation, based in Liechtenstein.
FactSnippet No. 443,846 |
In June 2013, Ingvar Kamprad resigned from the board of Inter IKEA Holding SA and his youngest son Mathias Kamprad replaced Per Ludvigsson as the chairman of the holding company.
FactSnippet No. 443,847 |
Inter IKEA Systems collected €631 million of franchise fees in 2004 but reported pre-tax profits of only €225 million in 2004.
FactSnippet No. 443,848 |
One of the major pre-tax expenses that Inter IKEA systems reported was €590 million of "other operating charges".
FactSnippet No. 443,849 |
Jon Abrahamsson, the chief executive of Inter IKEA has stated that the main issue is shipping products from China, as a "quarter" of IKEA products are made there.
FactSnippet No. 443,850 |
IKEA was one of a number of companies, including West German firms, which benefited from this practice.
FactSnippet No. 443,851 |
In November 2012, IKEA admitted being aware at the time of the possibility of use of forced labor and failing to exercise sufficient control to identify and avoid it.
FactSnippet No. 443,852 |
IKEA was named one of the 100 Best Companies for Working Mothers in 2004 and 2005 by Working Mothers magazine.
FactSnippet No. 443,853 |
In 1990, IKEA invited Karl-Henrik Robert, founder of the Natural Step, to address its board of directors.
FactSnippet No. 443,854 |
In 1990, IKEA adopted the Natural Step framework as the basis for its environmental plan.
FactSnippet No. 443,855 |
In 2000, IKEA introduced its code of conduct for suppliers that covers social, safety, and environmental questions.
FactSnippet No. 443,856 |
Today IKEA has around 60 auditors who perform hundreds of supplier audits every year.
FactSnippet No. 443,857 |
The main purpose of these audits is to make sure that the IKEA suppliers follow the law in each country where they are based.
FactSnippet No. 443,858 |
On 17 February 2011, IKEA announced its plans to develop a wind farm in Dalarna County, Sweden, furthering its goal of using only renewable energy to fuel its operations.
FactSnippet No. 443,859 |
IKEA is targeting making their entire supply chain climate positive by 2030.
FactSnippet No. 443,860 |
However, despite these claims, IKEA has been involved in unsustainable and most likely illegal logging of wood in multiple Eastern European countries in recent years, see Criticism of IKEA.
FactSnippet No. 443,861 |
IKEA owns about 136, 000 acres of forest in USA and about 450, 000 acres in Europe.
FactSnippet No. 443,862 |
IKEA is reported to be the largest private landowner in Romania since 2015.
FactSnippet No. 443,863 |
IKEA consequently started a transition to the use of paper pallets and the "Optiledge system".
FactSnippet No. 443,864 |
The system has been marketed to other companies, and IKEA has formed the OptiLedge company to manage and sell the product.
FactSnippet No. 443,865 |
Since March 2013, IKEA has stopped providing plastic bags to customers, but offers reusable bags for sale.
FactSnippet No. 443,866 |
Toilets in some IKEA WC-rooms have been outfitted with dual-function flushers.
FactSnippet No. 443,867 |
IKEA has recycling bins for compact fluorescent lamps, energy-saving bulbs, and batteries.
FactSnippet No. 443,868 |
In 2001, IKEA was one of the first companies to operate its own cross-border goods trains through several countries in Europe.
FactSnippet No. 443,869 |
IKEA has expanded its sustainability plan in the UK to include electric car charge points for customers at all locations by the end of 2013.
FactSnippet No. 443,870 |
From 2016, IKEA has only sold energy-efficient LED lightbulbs, lamps and light fixtures.
FactSnippet No. 443,871 |
IKEA is involved in several international charitable causes, particularly in partnership with UNICEF, including:.
FactSnippet No. 443,872 |
On 3 March 2022, IKEA announced €20 million donation to UNHCR for relief support of Ukrainians who suffer from the 2022 Russian invasion of Ukraine.
FactSnippet No. 443,873 |
Inter IKEA is owned by a foundation in Liechtenstein, called Interogo, which has amassed $12 billion, and is controlled by the Kamprad family.
FactSnippet No. 443,874 |
IKEA used to publish an annual catalogue, first published in Swedish in 1951.
FactSnippet No. 443,875 |
In December 2020, IKEA announced that they would cease publication of both the print and digital versions of the catalogue, with the 2021 edition being the final edition.
FactSnippet No. 443,876 |
In conjunction with the card, IKEA publishes and sells a printed quarterly magazine titled IKEA Family Live which supplements the card and catalogue.
FactSnippet No. 443,877 |
On 12 September 2017, IKEA announced the augmented reality app, IKEA Place, following by Apple's release of its ARkit technology and iOS 11.
FactSnippet No. 443,878 |
IKEA Place helps consumers to visualize true to scale IKEA products into real environment.
FactSnippet No. 443,879 |
In 1994, IKEA ran a commercial in the United States, titled Dining Room, widely thought to be the first to feature a homosexual couple; it aired for several weeks before being pulled after calls for a boycott and a bomb threat directed at IKEA stores.
FactSnippet No. 443,880 |
BMB and IKEA subsequently agreed to provide Onis with a feature page on the IKEA campaign site linking through to Onis's website for a period of 1 year.
FactSnippet No. 443,881 |
IKEA took over the title sponsorship of Philadelphia's annual Thanksgiving Day parade in 2008, replacing Boscov's, which filed for bankruptcy in August 2008.
FactSnippet No. 443,882 |
In March 2010, IKEA developed an event in four important Metro stations in Paris, in which furniture collections are displayed in high-traffic spots, giving potential customers a chance to check out the brand's products.
FactSnippet No. 443,883 |
In September 2017, IKEA launched the "IKEA Human Catalogue" campaign, in which memory champion Yanjaa Wintersoul memorized all 328 pages of the catalogue in minute detail in just a week before its launch.
FactSnippet No. 443,884 |
In 2020, IKEA conducted a "Buy Back Friday" campaign with a message to present a new life to old furniture instead of offering customers to buy new items for Black Friday.
FactSnippet No. 443,885 |
In June 2021, IKEA said it had suspended adverts on GB News because of concerns the channel's content would go against their aim to be inclusive.
FactSnippet No. 443,886 |
IKEA has been criticized about unsustainable sourcing of wood from protected forests, certain unsafe products lines, negative effects on communities, as well as other issues.
FactSnippet No. 443,887 |
IKEA stores have been featured in many works of fiction.
FactSnippet No. 443,888 |