IKEA’s FY sales jump as it starts to lower prices
Ikea’s global sales increased 5.6% to €39.5 billion in its 2022 financial year and the UK was [...]
October 24, 2022
Companies in the timber industry / Latest Trends / ...Wood Furniture / Europe
Ikea announces further investments in Chinese market
Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan (EUR 770 million [...]
August 31, 2022
Companies in the timber industry / Latest Trends / ...Wood Furniture / China / Europe
IKEA to sell its four plants in Russia
The Swedish retailer IKEA plans to sell its plants in Russia. The [...]
June 21, 2022
Companies in the timber industry / Latest Trends / ...Wood Furniture / Europe / Russia
Russian factories continue to produce IKEA’s furniture under their own brands
Once IKEA left Russia, the local furniture factories continued to produce IKEA’s furniture under their own brands [...]
May 11, 2022
Companies in the timber industry / Latest Trends / ...Market Analysis / Wood Furniture / Europe / Russia
IKEA ceases operations in Russia and Belarus
IKEA has decided to temporarily pause operations in Russia. This means that: Inter IKEA Group has taken the decision to [...]
March 7, 2022
Companies in the timber industry / Latest Trends / ...Market Analysis / Wood Furniture / Europe / Russia
Ikea is hiking its prices due to supply chain crisis
Ikea is raising its prices by 9% on average due to supply chain challenges. An Ikea [...]
January 5, 2022
Companies in the timber industry / Latest Trends / ...Market Analysis / Industry Prices / Wood Furniture / China / Europe / North America
IKEA warns of imminent price increases
IKEA has warned of imminent price increases, as it revealed its financial results for FY21 (to [...]
November 9, 2021
Latest Trends / Market Analysis / ...Industry Prices / Wood Furniture / Europe
IKEA expects that product shortages to last well into summer of 2022
Ikea has become the latest retailer to warn on supply chain problems, saying on Thursday that stock shortages were likely [...]
October 21, 2021
Companies in the timber industry / Latest Trends / ...Wood Furniture / Europe
IKEA to shift production to Turkey due to global supply chain problems
Swedish-based furniture retailer IKEA is planning to minimise problems with global supply chain and increased shipping costs by moving [...]
October 15, 2021
Companies in the timber industry / Latest Trends / ...Market Analysis / Wood Furniture / Europe
IKEA’s parent company to buy forestland in US
Ingka Group, the parent company of IKEA, has announced it has acquired forestland property in the U.S. from The [...]
January 25, 2021
Companies in the timber industry / Latest Trends / ...Forestry / Wood Furniture / Europe / North America
