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{{Short description|Swedish multinationalfurniture retail conglomeratecompany}}

{{For|the city in Nigeria|Ikeja}}

{{Use dmy dates|date=November 2022}}

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'''Inter IKEA Systems B.V.''',<ref>{{Cite web |title=Inter IKEA Systems B.V. |url=https://opencorporates.com/companies/nl/27232886 |access-date=2023-09-02 |website=[[OpenCorporates]]}}</ref><ref>{{Cite web |date=2020-09-10 |title=Privacy statement for inter.ikea.com |url=https://www.inter.ikea.com/en/ikea-policies/privacy-statement |access-date=2023-09-02 |website=inter.ikea.com}}</ref> [[trading as]] '''IKEA''' ({{IPAc-en|aɪ|'|k|iː|ə}} {{respell|eye|KEE|ə}}, {{IPA|sv|ɪˈkêːa|lang}}), is a Swedish [[Multinational corporation|multinational]] [[conglomerate (company)|conglomerate]], founded in [[Sweden]] but now headquartered in the [[Netherlands]], that designs and sells {{vanchor|[[ready-to-assemble furniture]]|FURNITURE}}, kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by [[Ingvar Kamprad]] and currently legally headquartered in the [[Netherlands]], IKEA has been the world's largest [[furniture]] retailer since 2008.<ref name=":3">{{cite web |url=https://www.statista.com/topics/1961/ikea/ |title=Topic: Ikea |website=statista.com |access-date=14 January 2017 |archive-date=16 June 2014 |archive-url=https://web.archive.org/web/20140616021255/https://www.statista.com/topics/1961/ikea/ |url-status=live }}</ref><ref>{{Cite news|url=https://www.forbes.com/sites/walterloeb/2012/12/05/ikea-is-a-world-wide-wonder/|title=IKEA Is A World-Wide Wonder|last=Loeb|first=Walter|newspaper=Forbes|access-date=14 January 2017|archive-date=22 November 2020|archive-url=https://web.archive.org/web/20201122035710/https://www.forbes.com/sites/walterloeb/2012/12/05/ikea-is-a-world-wide-wonder/#37fcbb136f42|url-status=live}}</ref><ref>{{Cite news |url=http://www.businessinsider.com/ingvar-kamprad-10th-richest-2016-1 |title=How IKEA creator Ingvar Kamprad built the world's largest furniture retailer – and a $39{{nbsp}}billion fortune |newspaper=Business Insider |access-date=14 January 2017 |archive-date=11 August 2020 |archive-url=https://web.archive.org/web/20200811004213/https://www.businessinsider.com/ingvar-kamprad-10th-richest-2016-1 |url-status=live }}</ref><ref>{{cite news |title=IKEA mulls joint venture with Bosnia furniture maker |url=https://www.reuters.com/article/2008/01/08/idUSL0861625720080108 |access-date=24 July 2013 |work=Reuters |date=8 January 2008 |first=Maja |last=Zuvela |archive-date=31 October 2015 |archive-url=https://web.archive.org/web/20151031040018/http://www.reuters.com/article/2008/01/08/idUSL0861625720080108 |url-status=dead }}</ref><ref>{{cite web|url=https://www.worldfurnitureonline.com/research-market/profiles-50-major-furniture-retailers-worldwide-0058620.html|title=Profiles of 50 major furniture retailers worldwide – Market Research – Report by CSIL|website=worldfurnitureonline.com|publisher=CSILMilano Research and Studies|access-date=14 January 2017|archive-date=10 October 2014|archive-url=https://web.archive.org/web/20141010222233/http://www.worldfurnitureonline.com/research-market/profiles-50-major-furniture-retailers-worldwide-0058620.html|url-status=live}}</ref> The brand name is an [[acronym]] of founder Ingvar Kamprad's initials; Elmtaryd, the family farm where Kamprad was born; and the nearby village of [[Agunnaryd]], Kamprad's hometown in [[Småland]].<ref>{{cite news |url=https://timesofindia.indiatimes.com/business/india-business/the-story-behind-ikeas-quirky-product-names/articleshow/65349884.cms |title=The story behind Ikea's 'quirky' product names |website=[[The Times of India]] |date=10 August 2018 |access-date=10 August 2018 |archive-date=9 November 2020 |archive-url=https://web.archive.org/web/20201109011241/https://timesofindia.indiatimes.com/business/india-business/the-story-behind-ikeas-quirky-product-names/articleshow/65349884.cms |url-status=live }}</ref><ref>"Ingvar Kamprad and IKEA". Harvard Business School Publishing, Boston, MA, 02163. 1996</ref>

The group is primarily known for its [[Modern furniture|modernist]] furniture designs, simple approach to [[interior design]], and its immersive shopping concept, based around decorated room settings within [[big-box store]]s, where customers can interact with products onsite. In addition, the firm is known for its attention to cost control and continuous product development, notably, the [[ready-to-assemble furniture|ready-to-assemble]] model of furniture sales, and other elements which have allowed IKEA to establish lower prices than its competitors.

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[[File:IKEA Damansara Market Hall (As-Is section) 20221125 102122.jpg|thumb|As-is area at IKEA Damansara, Malaysia]]

Most IKEA stores offer an "as-is" or "bargain corner" (recently rebranded as "circularre-shop huband re-use") area at the end of the warehouse, just before the cash registers. Returned, damaged, and formerly showcased products are displayed here and sold with a significant discount.

In March 2022, IKEA swiftly exited the Russian market, due to [[Russia's invasion of Ukraine]],<ref>{{Cite web |title=IKEA takes the next step to scale down in Russia and Belarus - IKEA Global |url=https://www.ikea.com/global/en/newsroom/corporate/ikea-takes-the-next-step-to-scale-down-in-russia-and-belarus-220615/ |access-date=2024-05-05 |website=IKEA}}</ref> leading to a surplus of items that were earmarked for the Russian market in IKEA's warehouses. To get rid of these items quickly, IKEA has been reselling these in a number of non-Russian IKEA stores near the bargain corner at a discount.<ref>{{Citation |last=Hullian111 |title=English: Stock intended for Russian IKEA being sold at Sheffield IKEA's Circular Hub, Sheffield, South Yorkshire, England. This stock was withdrawn from sale and exported to the United Kingdom as a result of IKEA's withdrawal from Russia and Belarus due to the 2022 Russian invasion of Ukraine. |date=2023-09-07 |url=https://commons.wikimedia.org/wiki/File:IKEA_Sheffield_Russian_Stock_Clearance_09.jpg |access-date=2024-05-05}}</ref>

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[[File:IKEA Restaurant in Coquitlam.jpg|thumb|IKEA restaurant in [[Coquitlam]], British Columbia, Canada]]

[[File:IKEA-Sendai- Japan03.JPG|thumb|Swedish meatballs]]

[[File:IKEA_food_court_in_Santiago.jpg|thumb|An IKEA Bistro in [[Santiago]], Chile]]

The first IKEA store opened in 1958 with a small cafe that transitioned into a full-blown restaurant in 1960 that,<ref>{{cite web |title=Restaurants that make customers happy |url=https://ikeamuseum.com/en/digital/the-story-of-ikea/the-worlds-biggest-restaurant/ |access-date=20 June 2022 |website=IKEA Museum|archive-date=1 July 2022 |archive-url=https://web.archive.org/web/20220701163117/https://ikeamuseum.com/en/digital/the-story-of-ikea/the-worlds-biggest-restaurant/ |url-status=live }}</ref> until 2011, sold branded Swedish prepared specialist foods, such as meatballs, packages of [[gravy]], [[lingonberry jam]], various biscuits and crackers, and salmon and [[Smörgåskaviar|fish roe spread]]. The new label has a variety of items including chocolates, meatballs, jams, pancakes, salmon and various drinks.<ref>{{Cite news|url=http://www.columbusmonthly.com/lifestyle/20171114/short-order-ikea-restaurant|title=Short Order: Ikea Restaurant|last=Trask|first=Bailey|work=Columbus Monthly|access-date=1 December 2017|archive-date=8 August 2020|archive-url=https://web.archive.org/web/20200808222803/https://www.columbusmonthly.com/lifestyle/20171114/short-order-ikea-restaurant|url-status=live}}</ref><ref>{{cite web|url=https://www.bizjournals.com/milwaukee/news/2017/11/30/ikea-store-takes-shape-in-oak-creek-heres-how-it.html|title=Ikea store takes shape in Oak Creek: Here's how it looks from the air—Slideshow – Milwaukee – Milwaukee Business Journal|website=The Business Journals|access-date=1 December 2017|archive-date=12 February 2020|archive-url=https://web.archive.org/web/20200212233422/https://www.bizjournals.com/milwaukee/news/2017/11/30/ikea-store-takes-shape-in-oak-creek-heres-how-it.html|url-status=live}}</ref>

Although the cafes primarily serve Swedish food, the menu varies based on the culture, food and location of each store.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/services/retail/what-no-meatballs-how-ikea-caters-to-different-global-tastes/articleshow/65331281.cms|title=What, no meatballs? How Ikea caters to different global tastes|date=9 August 2018|work=The Economic Times|access-date=27 April 2020|archive-date=5 January 2019|archive-url=https://web.archive.org/web/20190105133058/https://economictimes.indiatimes.com/industry/services/retail/what-no-meatballs-how-ikea-caters-to-different-global-tastes/articleshow/65331281.cms|url-status=live}}</ref> With restaurants in 38 countries, the menu often incorporates local dishes, including shawarma in Saudi Arabia, poutine in Canada, macarons in France, and gelato in Italy.<ref>{{cite web|url=https://www.businessinsider.com/ikea-food-court-menus-around-the-world-pictures-2019-6|title=IKEA food courts have different menus across the world. Take a look at 11 cuisines you can get outside the US.|last=Ciment|first=Shoshy|website=Business Insider|access-date=27 April 2020|archive-date=20 June 2019|archive-url=https://web.archive.org/web/20190620130312/https://www.businessinsider.com/ikea-food-court-menus-around-the-world-pictures-2019-6|url-status=live}}</ref> In Indonesia, the Swedish meatballs recipe is changed to accommodate the country's halal requirements.<ref>{{cite web|url=https://www.india.com/business/ikea-opens-first-store-today-know-what-is-unique-about-its-furniture-food-and-more-3213426/|title=IKEA Opens First Showroom in India Today|date=9 August 2018|website=India News, Breaking News, Entertainment News {{!}} India.com|access-date=27 April 2020|archive-date=10 August 2018|archive-url=https://web.archive.org/web/20180810181038/https://www.india.com/business/ikea-opens-first-store-today-know-what-is-unique-about-its-furniture-food-and-more-3213426/|url-status=live}}</ref> Stores in Israel sell [[kosher]] food under rabbinical supervision.<ref>{{cite web|url=http://www.badatz.biz/biz/%D7%90%D7%99%D7%A7%D7%90%D7%94-%D7%A8%D7%90%D7%A9%D7%95%D7%9F-%D7%9C%D7%A6%D7%99%D7%95%D7%9F/|title=Badatz Beit Yosef Restaurant Listing|publisher=Badatz.com|access-date=19 September 2014|url-status=dead|archive-url=https://web.archive.org/web/20150416054415/http://www.badatz.biz/biz/%D7%90%D7%99%D7%A7%D7%90%D7%94-%D7%A8%D7%90%D7%A9%D7%95%D7%9F-%D7%9C%D7%A6%D7%99%D7%95%D7%9F/|archive-date=16 April 2015}}</ref> The kosher restaurants are separated into dairy and meat areas.<ref>{{cite web|url=https://www.timesofisrael.com/courting-ultra-orthodox-consumers-ikea-turns-to-kosher-inspiration/|title=Courting ultra-Orthodox consumers, IKEA turns to kosher inspiration|last=Immergluck|first=Ira Tolchin|website=The Times of Israel|access-date=27 April 2020|archive-date=1 December 2019|archive-url=https://web.archive.org/web/20191201145536/https://www.timesofisrael.com/courting-ultra-orthodox-consumers-ikea-turns-to-kosher-inspiration/|url-status=live}}</ref>

In many locations, the IKEA restaurants open daily before the rest of the store and serve breakfast.{{citation needed|date=April 2020}}<ref>{{Cite news |last=Valverde |first=Miriam |date=April 28, 2016 |title=Ikea redesigns restaurants as shoppers clamor for food |url=https://www.sun-sentinel.com/2016/04/28/ikea-redesigns-restaurants-as-shoppers-clamor-for-food/ |access-date=July 3, 2024 |work=South Florida Sun Sentinel}}</ref> All food products are based on Swedish recipes and traditions. Food accountsaccounted for 5% of IKEA's sales by 2019.<ref>{{cite news |title=IKEA to start serving salad grown at its stores |url=https://www.reuters.com/article/us-ikea-sustainability/ikea-to-start-serving-salad-grown-at-its-stores-idUSKCN1RG0YE |access-date=4 April 2019 |work=[[Reuters]] |date=4 April 2019 |archive-date=8 November 2020 |archive-url=https://web.archive.org/web/20201108025359/https://www.reuters.com/article/us-ikea-sustainability/ikea-to-start-serving-salad-grown-at-its-stores-idUSKCN1RG0YE |url-status=live }}</ref>

IKEA sells plant-based meatballs made from potatoes, apples, pea protein, and oats in all of its stores.<ref>{{cite web|url=https://www.theverge.com/2020/2/27/21155742/ikea-meat-free-plant-ball-meatballs-europe-launch-august-2020|title=Ikea's new meatless meatballs are coming to Europe in August|date=27 February 2020|access-date=27 February 2020|archive-date=27 February 2020|archive-url=https://web.archive.org/web/20200227133103/https://www.theverge.com/2020/2/27/21155742/ikea-meat-free-plant-ball-meatballs-europe-launch-august-2020|url-status=live}}</ref> According to United States journalist [[Avery Yale Kamila]], IKEA began testing its plant-based meatballs in 2014, then launched the plant-based meatballs in 2015 and began testing [[Vegetarian hot dog|vegan hot dogs]] in 2018.<ref>{{cite web |date=9 May 2018 |title=Customers want vegan food, and national restaurants are responding |url=https://www.pressherald.com/2018/05/09/customers-want-vegan-food-and-national-restaurants-are-responding/ |access-date=15 June 2022 |website=Press Herald |archive-date=15 June 2022 |archive-url=https://web.archive.org/web/20220615181207/https://www.pressherald.com/2018/05/09/customers-want-vegan-food-and-national-restaurants-are-responding/ |url-status=live }}</ref><ref>{{cite web |last=Kamila |first=Avery Yale |date=25 June 2014 |title=Chipotle, IKEA mainstreaming meatless meals |url=https://www.pressherald.com/2014/06/25/chipotle-ikea-mainstreaming-meatless-meals/ |access-date=15 June 2022 |website=Press Herald |archive-date=15 June 2022 |archive-url=https://web.archive.org/web/20220615181215/https://www.pressherald.com/2014/06/25/chipotle-ikea-mainstreaming-meatless-meals/ |url-status=live }}</ref><ref>{{cite web |last=Edwards |first=Jess |date=19 February 2018 |title=Vegetarian hot dogs might be coming to Ikea |url=https://www.cosmopolitan.com/uk/worklife/a18226925/ikea-vegetarian-hot-dog/ |access-date=15 June 2022 |website=Cosmopolitan|archive-date=15 June 2022 |archive-url=https://web.archive.org/web/20220615181558/https://www.cosmopolitan.com/uk/worklife/a18226925/ikea-vegetarian-hot-dog/ |url-status=live }}</ref> In 2019, journalist James Hansen reported in [[Eater London]] that IKEA would only sell vegetarian food at Christmas time.<ref>{{cite web |last=Hansen |first=James |date=25 October 2019 |title=Ikea Shelves Meat for Christmas |url=https://london.eater.com/2019/10/25/20930582/ikea-food-menu-christmas-2019-vegan |access-date=15 June 2022 |website=Eater London|archive-date=26 June 2022 |archive-url=https://web.archive.org/web/20220626011504/https://london.eater.com/2019/10/25/20930582/ikea-food-menu-christmas-2019-vegan |url-status=live }}</ref>

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In August 2024, Ikea announced it would be trialing an on-line marketplace where customers can connect to buy and sell pre-owned items made by Ikea.

The marketplace, called Ikea Preowned, would run from August until December 2024 and be centeredcentred on the cities of Oslo, Norway and Madrid, Spain.<ref>{{Cite web |last=PYMNTS |date=2024-08-26 |title=Ikea Tests Appetite for Secondhand Furniture With ‘Preowned’ Marketplace |url=https://www.pymnts.com/news/retail/2024/ikea-tests-appetite-for-secondhand-furniture-with-preowned-marketplace/ |access-date=2024-08-26 |website=PYMNTS.com |language=en-US}}</ref><ref>{{Cite news |title=Ikea launches secondhand marketplace to compete with eBay |url=https://www.ft.com/content/4b18236f-f2f0-43eb-bb65-5f8d2f30a734}}</ref>

===Other ventures===

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===Financial information===

[[File:IKEA Delft 2.JPG|thumb|IKEA Concept CenterCentre in [[Delft]] – the head office of Inter IKEA Systems B.V. which owns the IKEA trademark and concept]]

The net profit of IKEA Group (which does not include Inter IKEA systems) in fiscal year 2009 (after paying franchise fees to Inter IKEA systems) was €2.538{{nbsp}}billion on sales of €21.846{{nbsp}}billion. Because INGKA Holding is owned by the non-profit INGKA Foundation, none of this profit is taxed. The foundation's nonprofit status also means that the Kamprad family cannot reap these profits directly, but the Kamprads do collect a portion of IKEA sales profits through the franchising relationship between INGKA Holding and Inter IKEA Systems.

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In 2004, the Inter IKEA group of companies and I.I. Holding reported combined profits of €553m and paid €19m in taxes, or approximately 3.5 percent.<ref name="Economist, May 11, 2006" />

IKEA has avoided millions of euros in taxes<ref>{{Cite web |url=https://europeangreens.eu/news/ikea-report-ikea-avoided-1-billion-taxes-using-european-taxation-system-its-own-benefit |title=IKEA report: IKEA avoided €1 billion in taxes by using the European taxation system to its own benefit &#124; European Greens |access-date=30 October 2023 |archive-date=30 October 2023 |archive-url=https://web.archive.org/web/20231030124933/https://europeangreens.eu/news/ikea-report-ikea-avoided-1-billion-taxes-using-european-taxation-system-its-own-benefit |url-status=dead }}</ref> performing some intrincatedintricate mechanisms<ref>{{Cite news |last=Boffey |first=Daniel |date=2017-12-18 |title=EU investigates Ikea after Dutch deals reduce tax bill by €1bn|work=The Guardian |url=https://www.theguardian.com/business/2017/dec/18/eu-probes-ikea-after-dutch-deals-reduce-tax-bill-by-1bn |access-date=2023-11-15 |issn=0261-3077}}</ref> and it was noted by the EU back in 2017. The main countries where they operated their business using tax loopholes were the [[Netherlands]], [[Luxembourg]] and [[Belgium]].

[[Public Eye (organization)|Public Eye]], a non-profit organisation in Switzerland that promotes corporate responsibility, has formally criticised IKEA for its tax avoidance strategies. In 2007, the organisation nominated IKEA for one of its Public Eye "awards", which highlight corporate irresponsibility.<ref>{{cite web|url=http://www.evb.ch/en/p11676.html |publisher=[[Erklärung von Bern]] |title=Berne Declaration Public Eye Awards, 2007 Nominations |url-status=dead |archive-url=https://web.archive.org/web/20140409212238/http://www.evb.ch/en/p11676.html |archive-date=9 April 2014 }}</ref>