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Company profile ikea
- 2. FSP Retailer Profiles - IKEA
About Established in Sweden in 1943, IKEA a home products retailer
specialising in flat pack furniture, accessories, bathrooms and kitchens.
Ikea is a private limited company owned by a foundation controlled by the Kamprad
family. INGKA Holding B.V. (also owned by the foundation) is the parent of all IKEA
Group companies, including the IKEA furniture manufacturer Sedwood and the
purchasing and supply functions of the chain.
There are 18 IKEA stores in the UK, all large, multi-levelled and predominantly in
out-of-town areas. Ikea trades internationally, with over 300 stores in 38 countries
Recent News worldwide.
• 14/01/2011- Strong Financial Growth - Sales Up
•
by 7.7%
14/12/2010 - Ikea crowned "retailer of the
History
year", Europe • 1920s’ - Ingvar Kamprad started off
selling matches, flower seed,
• 02/12/2010 - IKEA flagship in UAE set for
February 2011 opening greetings cards, decorations and IKEA Trading Countries
• 12/11/2010 - Ikea slashes prices in chase for stationary to his neighbours Europe, North America, Middle East, Asia/ Pacific & Caribbean
market share • 1940s’ - 50s’ - Ingvar develops IKEA (For more details please click here)
• 01/10/2010 - Ikea breaks with history to reveal into a furniture retailer
annual results • 1960s’ - 70s’ – IKEA starts to
• 09/09/2010 - Expansion in Reading
become the IKEA we know today
• 16/07/2010 - Ikea acquires site for flat-pack
housing • 1980s’ – IKEA expands into the US,
• 01/02/2010 - Ikea's UK profits shrink Italy, France and the UK
• 1990s’ - Children's IKEA is launched
along with the IKEA group.
Year BIS Guide
• 2000s’ - IKEA expands into even
2002 Very strong
more markets such as Japan and
2003 Very strong
Russia. This period also sees the
2004 Very strong
successes of several partnerships
2005 Very strong
regarding social and environmental
2006 Healthy
2007 Healthy
projects.
2008 Healthy
2009 Fairly healthy
©FSP 2010. BIS © Department for Business Innovation and Skills.
2 The content of these reports has been derived from statistical, trade and published sources together with FSP estimates and interpretations. Some Data sourced from www.snap-shop.co.uk
- 3. FSP Retailer Profiles - IKEA
IKEA Sales IKEA Financial Health
IKEA P2
280
1400000
260
1200000
240
1000000 220
Millions
800000 200
P2
600000 Sales_Exc_Vat 180
400000 160 P2
UK_Sales_Exc_Vat
200000 140
0 120
100
2002 2003 2004 2005 2006 2007 2008 2009
Year Year
©FSP 2010. BIS © Department for Business Innovation and Skills.
3 The content of these reports has been derived from statistical, trade and published sources together with FSP estimates and interpretations. Some Data sourced from www.snap-shop.co.uk
- 4. FSP • 19 Manor Courtyard
• Hughenden Avenue
High Wycombe • HP13 5RE • UK
T +44 (0) 1494 474740
F +44 (0) 1494 474262
E fspretail@fspretail.co.uk
W www.fspretail.co.uk & www.snap-shop.co.uk
Fripp Sandeman and Partners Limited, trading as FSP
G Nicholson (Managing Director) J H Fell J Hewson K Gunn
Registered Number 1284879
Registered Office 19 Manor Courtyard Hughenden Avenue High
Wycombe Buckinghamshire HP13 5RE