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Recent Articles

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Ikea plans to spend €3B by end of 2023 on new, existing stores as it repurposes out-of-town outlets into e-commerce distribution centers; company will also spend €1.3B on stores in London, which will act as test market for new store formats, logistics

Steelcase to acquire Halcon, Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace, for US$127.5M; Halcon is an award-winning leader in custom wood and executive-level tables, credenzas, desks

IKEA to close north London store later this year, impacting 450 workers; company says closure comes after extensive assessment of presence in London in line with changing shopping behaviors, noting almost half of sales were made online last year

New York office furniture startup Branch partners with Arbor Day Foundation to plant trees in US, Canada; it is also exploring how to bring responsibly sourced materials, recycling, buy-back programs into business model to decrease environmental impact

IKEA closes stores in Russia, pauses all sourcing in the country and ally Belarus amid Ukraine invasion; IKEA now expects to raise prices by average of 12% this year, up from 9% flagged previously amid rising raw material costs, supply chain disruptions

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