IKEA Korea reports 10 percent drop in sales on year as interior design boom ends

IKEA Korea reported sales of 618.6 billion won ($445 million) in the fiscal year ending August, down 10 percent on year as the interior design boom of the pandemic comes to an end.

2022-09-14

Ikea store planned to open in Daegu by 2025

Ikea, the global Swedish furniture retailer, will open a new store in Daegu by 2025, the city of Daegu announced Thursday. Ikea will invest 180 billion won ($137 million) to build a new store on a 41,134-square-meter...

2022-07-28

Shop 'til you drop means on all retail channels now

Major retailers are expanding their so-called omni-channels because customers are demanding the convenience.

2022-06-26

[Interview] Ikea changes how you live, and defends its delivery fees

Ikea's arrival in 2014 helped change the Korean furniture market.

2021-12-12

Ikea answers delivery-cost complaints with gas station pickup

Ikea Korea said on Tuesday that it has teamed up with GS Caltex to enable furniture pickup at gas stations after receiving complaints about its high charges for delivery and as the competition has started to cut or eliminate charges.

2021-10-07

To counter slump, Ikea offers cheaper deliveries

Ikea Korea's growth has seen a sharp drop in the past year, and the company is aiming to win back customers with cheaper deliveries and maybe even lower fees to assemble wardrobes and bookshelves.

2021-09-14

IKEA Korea reports a 3.4% increase in sales and new meatballs

IKEA Korea reported 683.6 billion won ($590 million) in sales in the fiscal year ending Aug. 31, up 3.4 percent on year.

2021-08-26

Relief grant money won't be going to Starbucks, Apple

Almost all Koreans are getting 250,000 won from the government. But they won't be allowed to spend any of it on luxury goods, in big supermarkets or at foreign retailers like IKEA -- or even for a Starbucks Frappuccino .

2021-08-12

Companies partner with P4G Seoul Summit to make sustainable changes

Eco-friendly e-commerce deliveries, sustainable furniture and plastic bottles without labels are some goods and services provided by the companies partnered with the P4G Seoul Summit as a part of efforts to reduce the carbon footprint.

2021-05-27

The neighborhood of Seongsu offers style and substance

Once an industrial area packed with factories in the late 20th century, renovated buildings in the Seongsu neighborhood in Seongdong District, eastern Seoul, are now becoming hot spots among younger generations who are in love with

2020-11-15

korea joongAng daily