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Inter Ikea Systems BV

  • Ikea FY sales up, continues remodel of Marketplace

    CONSHOHOCKEN, Pa.  — Ikea reported that sales for its fiscal year 2012 grew by 9.5% and profits were up 8% to $4.2 billion, thanks to its model of offering low-cost, functional furniture. Comparable-store sales were up 8% at its U.S. stores.

  • Ikea given approval to open stores in India

    Delhi, India -- A Monday report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

    The Swedish furniture retailer was cleared by the Foreign Investment Promotion Board, according to a statement by Commerce Minister Anand Sharma. The approval is a turnaround for the Indian government which last year barred Ikea from operating cafes and limited retail wares it could sell in stores.

  • Kansas City here Ikea comes

    CONSHOHOCKEN, Pa. — Ikea has received the green light from Merriam’s city council to go ahead with its Kansas City-area store.

    Pending the land purchase, permits and demolition of on-site buildings, construction of Ikea Merriam can begin summer 2013, with the store opening fall 2014.

  • Ikea to make state debut in Kansas City area

    Merriam, Kansas -- Shopping center owner and developer DDR Corp., based in Beachwood, Ohio, said Tuesday it will sell 22 acres of land to Ikea Property for the construction of Ikea’s first store in Kansas, located in the Kansas City bedroom community of Merriam, Kan.
     
    Ikea confirmed Tuesday that the City Council of Merriam has unanimously approved plans for this project, following last month's approval from the city's Planning Commission.
     

  • Ikea seeks to build larger store in Burbank, Calif.

    Conshohocken, Pa. – Ikea announced it is submitting plans to the City of Burbank, Calif., for a new and larger store to replace its current location among the Swedish retailer’s presence in the Los Angeles area. The application will mark the beginning of the governmental review process for this proposed relocation.

  • IKEA to double size of California store

    CONSHOHOCKEN, Pa. — IKEA intends to submit plans to the City of Burbank, California, for a new, larger location to replace its current one in the Los Angeles area.

  • Ikea commits to become energy independent

    New York -- The Ikea Group plans to become energy and resource independent by 2020, according to the chain’s new “People & Planet Positive” sustainability initiative.

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