Should a business be like your family? The boss of B&Q thinks so Retail A business should be more like a family in order to attract employees with the right moral and cultural judgements, the boss of B&Q has said.
Build, Baby, Build: Move over avo toast, ceramics are Gen Z’s housing crisis crutch anna moloney Gen Z are spending more time and money on interior design, not despite, but because of, the housing crisis, writes Anna Moloney.
Could the eastern end of Oxford Street revitalise West End retail? Retail A host of new stores at one end of Oxford Street are breathing life into London's oldest shopping street
IKEA pushes back opening of Oxford Street site August 24, 2023 IKEA is pushing back the date to open its flagship store on Oxford Street, with shoppers forced to hold out an extra 12 months to buy flat pack goods on the iconic London street. Two years ago the Swedish retailer inked a £378m deal to takeover the former Topshop site, after its parent company Arcadia collapsed [...]
Ikea UK pays out £90m dividend to parent as instore sales soar January 29, 2023 Ikea reportedly paid out a £90m dividend from its UK business to its parent last year – the first in six years – as the Swedish furniture giant continues to rake in bumper profits. The dividend, reported by The Sunday Times, reflected the £62.4m profit made in 2021, a year interrupted by a series of [...]
Pop-up firm Sook tops £1m sales as Instagram businesses dabble with bricks-and-mortar retail April 1, 2022 Pop-up retail company Sook has hit £1m sales, with CEO John Hoyle telling CityA.M. an “explosion” of social media brands are looking for flexible spaces. Speaking to CityA.M., Hoyle said small businesses who use TikTok and Instagram are increasingly keen to venture into physical retail on a flexible basis. The company has seven spaces in [...]
IKEA to inject £1bn into London over the next three years February 24, 2022 IKEA is set to inject £1bn into London over the next three years, as it opens the doors to its first small store in Hammersmith. The Swedish furniture retailer, known for its large warehouse stores, is looking to branch out into city centres with a smaller, more accessible offering. The West London store, a quarter [...]
Ikea launches vegetarian meatball in climate crusade July 16, 2020 Vegetarians will now be able to try Ikea’s iconic meatballs after the Swedish giant announced it would launch a vegetarian version of the classic food. From 3 August, customers will be able to buy the new creation, named “plant balls”, which Ikea said were a “more sustainable” take on one of its best-loved products. Made [...]
Ikea shrugs off retail gloom to post sales rise November 7, 2019 Ikea reported an increase in full-year sales as it managed to overcome the challenges facing the UK retail market. Sales in Ikea’s UK business were up eight per cent year on year to £2.1bn, the retailer said in its annual report. Read more: Ikea to face tax repayment order from EU The company reported that [...]
Ikea to face back tax payment order from EU October 7, 2019 Ikea could be forced to pay millions of euros in back taxes by the end of the year as the European Union competition watchdog cracks down on unfair deals for multinational companies. The European Commission is preparing to complete its probe into Inter Ikea, the brand owner of the furniture store, however the investigation could [...]