Headlines

IKEA to Grow Online Business

Will offer online shopping to more countries

Published

9 years ago

October 20, 2015

Furniture retailer IKEA (Delft, Netherlands) has announced plans to grow its online business over the next five years. The company operates stores in 42 countries, but only has online commerce offerings in 13 markets worldwide.

CNBC reports that the company’s current e-commerce business is around $1 billion euros, but is expected to grow to $5 or $6 billion euros with the coming expansion.

Though specific plans on the expansion have not yet been announced, the company has stated that it will be focusing on expanding online offerings and working through logistics changes involved in serving a larger market.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design