IKEA warns of imminent price increases
IKEA has warned of imminent price increases, as it revealed its financial results for FY21 (to 31st August 2021). [...]
November 8, 2021
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IKEA to shift more 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 11, 2021
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US furniture maker MCS wins lawsuit against shipper
American home furniture manufacturer and supplier MCS Industries has prevailed in federal court in its lawsuit against Cosco Shipping. [...]
October 7, 2021
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Raw material bottlenecks in the German furniture industry are worsening
In the German furniture industry, the supply situation for important supplier products is worsening. In a current association survey, around [...]
June 7, 2021
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Germany: Short supply and rising wood prices due to massive exports to the US
The price of furniture and lumber in Germany has been rising for months. There are also massive delivery bottlenecks. Now [...]
March 29, 2021
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EU wood furniture imports down 3% in 2020
EU wood furniture imports down 3% in 2020 Considering individual products, the dollar value of EU27+UK imports of wood [...]
March 1, 2021
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World furniture consumption is estimated to decrease by -10% in 2020
Covid-19 has severely impacted global furniture trade growth – yet recovery is imminent, reports Milan’s Centre for Industrial Studies [...]
February 8, 2021
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German furniture manufacturers are launching an export offensive to Scandinavian countries
Despite the currently difficult environment the German furniture industry is continuing its export offensive. [...]
October 27, 2020
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IKEA loses 1.5 billion euros due to corona crisis despite surge in online sales
IKEA announced retail sales of 35.2 billion euros in the financial year to September. That [...]
October 13, 2020
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IKEA to invest 150 million euros in Spain
IKEA announced an investment of around 150 million euros in the next 3 years in an expansion and transformation plan [...]
July 28, 2020
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