CSFRST 2300- IKEA
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30 Terms
What is the company type?
Private
What is the industry type?
Retail
When was it founded? Where?
July 28th, 1943 in Sweden
Who founded it?
Ingvar Kamprad
How many locations?
479
Who is the CEO and Chairman of the Ingka Group?
Jesper Brodin
Who is the CEO and Chairman of the Inter IKEA Group?
Jon Abrahamsson
What are their products?
Ready-to-assemble furniture, homeware, decor, and food
Who owns IKEA?
A series of not-for-profit and for-profit corporations
Who manages the brand IKEA and owns it?
Ingka Group & Inter IKEA Group
Who owns the IKEA brand itself?
Inter IKEA Systems B.V.
It has been the largest furniture retailer since when?
2008
What is it known for?
Modernist furniture designs, simple approach to interior designs, and its immersive shopping concept
What was IKEA first founded as?
A mail-order sales business
When was the first store opened? Where?
1958 in Almhult, Smaland, Sweden
When was the largest store opened? Where? How large?
November 2021, in the Philippines, measuring 650 square meters
Where did IKEA announce closure of all stores? When? Why?
Russia in March 2022 because of the war with Ukraine
IKEA products are identified by _____ names, predominantly in the ____ language.
One-word and Swedish
When did IKEA move into the smart home business?
2016
INGKA Holding B.V. owns who?
The Ingka Group
What does the Ingka Group take care of?
Services related to IKEA products
What is Inter IKEA Holding in charge of?
Design, manufacturing, and supply of products
When did Ingvar Kamprad resign from the board of Inter IKEA Holding SA?
June 2013
Because INGKA Holding is owned by the _____ INGKA Foundation, none of the profit is____.
Non-profit and taxed
Ingka Group pays ___ of royalties to Inter IKEA Systems.
3%
What was IKEA named in the Working Mothers magazine? When?
One of the 100 Best Companies for Working Mothers in 2004 and 2005
IKEA is responsible for how much of the world commercial-product wood consumption?
1%
How much of the wood that the company uses is either recycled or meets the standards of the Forest Stewardship Council?
99.5%
In 2016, what was their annual sales?
$37.6 billion
How many stores closed due to the pandemic?
75%