IKEA Building and Supply Chain Case Study
IKEA is the world’s largest furniture retailer. It is one of the most loved companies worldwide. It offers low prices and a wide range of products. Some of the key facts of IKEA are mentioned below.
- Brand Value of IKEA is 18,949 million USD
- Top 5 countries for IKEA Products are : Germany, US, France , UK, and China
- Gross Profit of IKEA worldwide ( 2009-2018) 12,355 million Euros
- Europe’s share in IKEA Sales- 71%
- Number of IKEA Stores in Europe- 280
- Number of visits to IKEA stores worldwide - 957 million
- Number of visits to IkEA.com worldwide - 2.5 billion
- Annual Donation by IKEA Foundation Worldwide - 120 million Euros
- Net Income of IKEA Worldwide - 1468 million Euros
- IKEA retail sales in 2019 - 38.8 billion Euros
- IKEA Co-workers worldwide - 208,000
- New IKEA Stores Set up in 2018- 19
- IKEA Founder - Ingvar Kamprad
IKEA is a privately help home product retailer selling furniture, round the world.It was found in Sweden, in the year 1943 by Ingvar Kamprad, who was then 17 years old.Ingvar’s idea was to provide home furnishing products having good function and quality at much lower prices than its competitors. He used his experience in Samaland to reduce costs and gain an edge over other retailers in the market. The first IKEA stores were inaugurated in Norway and Denmark. The IKEA catalogue was first produced in 1951.
All these efforts paid off and IKEA went on to become one of the largest companies in the world.
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