Economy

IKEA launches pet furniture range

IKEA launches pet furniture range”

According to the Ikea catalog, the "comprehensive" collection, which is named after the Swedish word for "shaggy", was developed by "pet loving designers with support from trained veterinarians".

The move would see Ikea - which has out-of-town stores all over the United Kingdom - list its furniture on sites like Amazon, despite selling 9,500 products on its own site. "Our customers will see new initiatives, both physical and digital", he told Reuters.

Additionally, numerous Lurvig products are created to integrate seamlessly into the Ikea furniture you already have around your house.

With IKEA Group focusing fully on retail, the hope is that it will be better placed to defend its market-leading position and maintain growth as competition and consumer expectations shift towards online shopping and home delivery.

Torbjörn Lööf, chief executive of the company, said that it was also looking at opening smaller stores with less stock in city centres.

The new stores would also not need parking lots or large inventories thanks to expanded home delivery services.

The group is also planning a digital platform next year that mimics the IT sector's "open-source" software development, Loof said.

"We want to learn, and know what it is for a company like Ikea to be there".

Franchisor Inter IKEA said yesterday that stores worldwide turned over a total of €38.3 billion euros in the fiscal year to August. In 2015/16, IKEA Group reported a 7 per cent rise in sales, including a 5 per cent rise in comparable store sales, but that included two subsidiaries since sold to Inter IKEA.

Ikea UK and Ireland's annual sales will be released later this year.



Like this

loading...
loading...

Latest


10 October 2017
Humana Inc. (HUM) Downgraded to Neutral at JP Morgan Chase & Co
The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) has "Buy" rating given on Monday, June 12 by Argus Research. RBC Capital Markets maintained it with "Sector Perform" rating and $217 target in Thursday, October 13 report.

10 October 2017
Analyst's Predictions on Albemarle Corporation (ALB), Teradyne, Inc. (TER)
BURGHER CEDRIC W . bought $101,745 worth of stock. $878,110 worth of stock was sold by Roberts James Hildebrand on Friday, June 9. The stock has "Neutral" rating by William Blair on Thursday, October 15. (NYSE:GVA) on Thursday, March 23 with "Buy" rating.

10 October 2017
EL James' Christian Grey Sequel Darker Set for Release in November
The novel will be released on November 28 by Vintage Books, according to a news release from the publisher. The book was savaged by critics, but still sold more than a million copies within days of its release.

10 October 2017
Convicted rapist in MI awarded joint custody , victim's lawyer says
The order, which prosecutor's said awarded the mother sole physical custody of the child, was signed the next day by the Court. A hearing is scheduled for Wednesday, Oct. 25 and the case is expected to be the first of its kind in MI .

10 October 2017
Station Casinos announces prop bets for Golden Knights home game
They will start their schedule at home in hard conditions, but the players are eager to offer a distraction to a city in mourning. The Knights have had a nice start to their inaugural season, winning their first two games on the road.

10 October 2017
Stock Traders Purchase High Volume of Call Options on Apache Corporation
The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Finally, Harris Associates L P raised its holdings in shares of Apache Corporation by 14.3% during the second quarter.

10 October 2017
Netherlands: Coalition deal reached after 208 days
The D66 leader, Alexander Pechtold , said that after years of austerity, the new government will reward voters with lower taxes. Initially, VVD wanted to negotiate a government with the Green-Left Party, but there was no agreement over migration policy.

10 October 2017
Insider Trading at Fortuna Silver Mines Inc?
It has underperformed by 42.32% the S&P500.The move comes after 8 months negative chart setup for the $773.83 million company. Several large investors have recently bought and sold shares of FSM. 48 funds opened positions while 89 raised stakes.

10 October 2017
Dawn French's youthful appearance on The One Show sends Twitter into meltdown
Dressed in an all black ensemble with fresh-faced makeup, Dawn beamed as she revealed she is turning sixty at the end of the week. Dawn French recently shocked viewers when she lost more than seven stone after vowing to change her lifestyle.

10 October 2017
Trump calls for tax changes for NFL following national anthem protests
As of the writing of this article, he said no member of his team's management or coaching staff had contacted him. A number of players followed Kaepernick's lead by taking a knee during the anthem previous year .