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The Latest Breaking News from Ingka Group

Ikea plans to cut prices in food courts and offer free kids meals amid cost-of-living crisis

The deals come as ‘consumer confidence’ in Ikea has decreased

The Independent UK

Ikea’s new central London store has learned from ‘a lot of mistakes’ over 7 years

Ikea’s new central London store has learned from ‘a lot of mistakes’ over 7 years

“We have [made] a lot of mistakes when designing city location stores,” Ikea’s Tolga Öncü told Fortune.

Ikea's foray into secondhand furniture is the 'smarter' thing to do, but scaling it up will be a challenge, says CEO Jesper Brodin

Ikea's foray into secondhand furniture is the 'smarter' thing to do, but scaling it up will be a challenge, says CEO Jesper Brodin

Despite the challenges and less than developed market for pre-owned goods, it’s here to stay, says the Ingka Group CEO.

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Ikea profits down nearly 50% as fears of Trump tariff threats spook the Swedish retailer

Ikea took the unlikely approach of cutting prices as costs were rising. Now, Trump's tariffs could open up a whole new can of worms for the retailer.

Ikea CEO warns prices will jump under new Trump tariffs

Jesper Brodin, chief executive of Ingka Group said that the company had ‘never experienced a period of benefit’ when high tariffs had been imposed

The Independent UK

Ikea CEO Warns Trump Tariffs May Raise Prices

Ingka Group CEO and other businesses express concerns over potential impact of Trump's tariffs on prices and consumer spending. Trade uncertainty affecting...

Ikea’s revenue hit as it spent €2 billion slashing prices. Here’s how it plans to lure more customers to its furniture and meatballs

Ikea's top line took a beating, but the company defends the decline as it managed to draw more shoppers than the previous year.

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CEO Agenda: The secrets of success with Jesper Brodin, CEO of IKEA

CEO Agenda: The secrets of success with Jesper Brodin, CEO of IKEA

CEO Agenda provides unique insights into how leaders think and lead and what keeps them busy in a world of constant change. Today we meet Jesper Brodin, CEO of IKEA.

Ikea Net Profit Surges In 2023 As Sales Rise

Ikea Net Profit Surges In 2023 As Sales Rise

Swedish furniture giant Ikea saw a five-fold increase in net profit for its full-year 2023 which ended in August, boosted by rising sales, Ingka Group which owns most Ikea franchises said Wednesday.

International Business Times

IKEA stores owner to spend $1.1 billion on price cuts next year in deflation boon

IKEA stores owner to spend $1.1 billion on price cuts next year in deflation boon

Ingka Group's Deputy CEO said people were buying more storage solutions because high house prices had kept them in small spaces.

Ingka Group CEO Jesper Brodin says there's no 'middle way' on China—and you can't suddenly de-risk 'if you invest like we do'

Ingka Group CEO Jesper Brodin says there's no 'middle way' on China—and you can't suddenly de-risk 'if you invest like we do'

Despite a sluggish economy, Brodin said IKEA is committed to China: "You have to take some good years and some bad years from time to time."

IKEA tried to do away with its maze-like structure to navigate its stores to help customers—except, they didn't want it

IKEA tried to do away with its maze-like structure to navigate its stores to help customers—except, they didn't want it

Ingka Group's Tolga Öncü said “it became very clear that [customers thought] ‘No, no, no, this is a big shop!’”

IKEA launches 100 drones in store to improve stock levels and staff wellbeing

IKEA launches 100 drones in store to improve stock levels and staff wellbeing

The company says the solution supports a more ergonomic workplace for IKEA co-workers

IKEA's looks to reduce environment impact with circular economy

IKEA's looks to reduce environment impact with circular economy

Ingka Group CSO Karen Pflug discusses how IKEA makes its products more sustainable.

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IKEA packages up a stake in huge Australian wind farm

Ingka Investments, part of IKEA's largest retailer Ingka Group, has taken a stake in a major Australian wind farm project.

Asharq Al-Awsat

IKEA's Restaurants Have More than Halved Food Waste Since 2017

IKEA, which as well as being the largest furniture brand also runs one of the world's biggest restaurant chains, has slashed its food waste by 54% since 2017 to save money and reduce its environmental footprint. Global food waste accounts for between 8% and 10% of total greenhouse gas emissions,…

The Independent UK

H&M and Ikea launch mentorship programme for London creatives

The Nordic giants hope to create a ‘hyperlocal’ approach to retail and support young creatives

Morning Brief: Top Financial Stories Dominating on Monday, May 9

CNBC Ford Motor Selling 8M Shares Of Rivian Automotive

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The Guardian - UK

Ikea and H&M launch ‘ideas factory’ for local designers and creatives in London

Small-scale producers and artists are invited to apply for grants to develop their ideas for sale in new store

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