Ikea Archives - Global Wood Markets Info

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

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

IKEA plans to review its Ukrainian wood supply after critical report

Furniture retailer IKEA said on Tuesday it would review its wood supply chain in Ukraine after a report by a [...]

June 28, 2020

Ikea faces allegations it used illegally logged timber from Ukraine

Some of Ikea’s wood products may have been made with illegally sourced timber from ancient forests in Ukraine. [...]

June 25, 2020

IKEA to start reopening stores in Europe in May; sales dropped 60% during closure

IKEA store owner Ingka Group, the world’s biggest furniture retailer, aims to start reopening shops in Europe in May [...]

May 4, 2020

IKEA making masks to help fight coronavirus

Furniture giant IKEA is producing face masks and other protective gear for hospitals, joining a growing list of companies branching [...]

April 7, 2020

IKEA to close all its furniture stores in Germany

In order to protect the safety of customers and employees and to limit the further spread [...]

March 18, 2020

IKEA starts selling its products on Alibaba; aims to extend on the Chinese market

IKEA on Tuesday (Mar 10) started selling its products on Alibaba's Chinese e-commerce platform Tmall, the [...]

March 10, 2020

IKEA to close its stores in mainland China due to coronavirus outbreak

IKEA has decided to close its stores in mainland China due to the coronavirus outbreak, until further notice [...]

February 4, 2020

IKEA to acquire 42,000 acres of forestland in East Texas

IKEA has acquired 42,000 acres of forestland in East Texas to source wood for its furniture. [...]

November 25, 2019

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