IKEA: Difference between revisions - Wikipedia

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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]] 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. It also has a symbol of [[Blåhaj|Blahaj]], a toy shark it invented.

{{As of|2023|September}}, there are 482 IKEA stores operating in 63 countries<ref name=":12">{{cite web|url=https://www.ikea.com/fr/fr/this-is-ikea/about-us/ikea-faits-et-chiffres-2018-pubfd3597c1#:~:text=422%20magasins%20IKEA%20sur%20plus%20de%2050%20march%C3%A9s/|title=IKEA Faits et chiffres 2018|access-date=20 October 2021|archive-date=20 October 2021|archive-url=https://web.archive.org/web/20211020195723/https://www.ikea.com/fr/fr/this-is-ikea/about-us/ikea-faits-et-chiffres-2018-pubfd3597c1#:~:text=422%20magasins%20IKEA%20sur%20plus%20de%2050%20march%C3%A9s/|url-status=live}}</ref> and in [[fiscal year]] 2018, €38.8{{nbsp}}[[billion]] ({{USD|{{to USD|38.8|EUR|year=2018|r=2}}|link=yes}}{{nbsp}}billion) worth of IKEA goods were sold.<ref>{{Cite news |url=https://www.reuters.com/article/us-ikea-sales-idUSKCN1MK0YM |title=New stores and online growth help IKEA fend off rivals |last1=Ringstrom |first1=Anna |date=10 October 2018 |work=Reuters |access-date=23 December 2018 |archive-url=https://web.archive.org/web/20181223025923/https://www.reuters.com/article/us-ikea-sales/new-stores-and-online-growth-help-ikea-fend-off-rivals-idUSKCN1MK0YM |archive-date=23 December 2018 |url-status=live |last2=Dowsett |first2=Sonya}}</ref> For multiple reasons, including lowering taxes payable, IKEA uses a complicated corporate structure. Within this structure, all IKEA stores are operated under [[franchising|franchise]] from [[Inter IKEA Systems]] B.V. which handles branding, design, manufacturing, and supply. Another part of the IKEA group, Ingka Group, operates the majority of IKEA stores as a franchisee and pays royalties to Inter IKEA Systems B.V.<ref name=":6">{{cite web|date=24 August 2018|title=Who Owns IKEA? IKEA Business Model In A Nutshell|url=https://fourweekmba.com/who-owns-ikea/|access-date=19 November 2020|website=FourWeekMBA|archive-date=25 October 2020|archive-url=https://web.archive.org/web/20201025201951/https://fourweekmba.com/who-owns-ikea/|url-status=live}}</ref><ref name="greens-efa.eu">[http://www.greens-efa.eu/legacy/fileadmin/dam/Documents/Letters/Greens-EFA_letter_to_Commissioners_Vestager_and_Moscovici-IKEA_report_01.pdf Greens-EFA letter to Commissioners Vestager and Moscovici – IKEA report, 12 February 2016] {{Webarchive|url=https://web.archive.org/web/20170116203337/http://www.greens-efa.eu/legacy/fileadmin/dam/Documents/Letters/Greens-EFA_letter_to_Commissioners_Vestager_and_Moscovici-IKEA_report_01.pdf |date=16 January 2017 }} Retrieved 16 February 2016.</ref> Some IKEA stores are also operated by independent franchises.<ref>{{cite web|title=About the IKEA group – IKEA|url=https://www.ikea.com/ms/fr_MA/about_ikea/facts_and_figures/about_ikea_group/index.html|access-date=19 November 2020|website=ikea.com|archive-date=4 February 2018|archive-url=https://web.archive.org/web/20180204161217/http://www.ikea.com/ms/fr_MA/about_ikea/facts_and_figures/about_ikea_group/index.html|url-status=dead}}</ref> The IKEA website contains about 12,000 products and there were over 2.1{{nbsp}}billion visitors to IKEA's websites in the year from September 2015 to August 2016.<ref>{{cite web|title=FAQ – IKEA store – IKEA|url=https://m.ikea.com/ms/en_JP/customer_service/faq/help/about_store/about_stores.html#9|access-date=17 October 2020|website=m.ikea.com|archive-date=19 February 2015|archive-url=https://web.archive.org/web/20150219193054/http://m.ikea.com/ms/en_JP/customer_service/faq/help/about_store/about_stores.html#9|url-status=dead}}</ref><ref name="auto">{{cite web |url=https://highlights.ikea.com/2016/ikea-facts-and-figures |title=IKEA Highlights 2016 |publisher=Inter IKEA Systems B.v. |access-date=16 December 2016 |archive-url=https://web.archive.org/web/20170617173852/https://highlights.ikea.com/2016/ikea-facts-and-figures |archive-date=17 June 2017 |url-status=dead }}</ref>