Ikea Archives - Global Wood Markets Info

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 20, 2022

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 29, 2022

IKEA plans to sell its four plants in Russia

The Swedish retailer IKEA plans to sell its plants in Russia. The group said its retail [...]

June 16, 2022

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 9, 2022

IKEA to cease 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 4, 2022

Ikea is hiking its prices as the supply chain crisis continues to disrupt its operations

Ikea is raising its prices by 9% on average due to supply chain challenges. An Ikea [...]

January 3, 2022

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

IKEA says 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 19, 2021

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

IKEA’s parent company buys forestland in US

Ingka Group, the parent company of IKEA, has announced it has acquired forestland property in the U.S. from The [...]

January 19, 2021

Keyword: Ikea