The Monitor Daily

Wednesday, January 27, 2021
Log in

As a participant in the Amazon Services LLC Associates Program, this site may earn from qualifying purchases. We may also earn commissions on purchases from other retail websites.

  • Home
  • Politics & National News
  • Business News
  • Tech & Science
  • Health & Lifestyle
  • About us
    • Contact US
    • Privacy Policy GDPR
    • Terms of Use
  • Latest News
    • Stormy Planet
    • US Surgeon Performs Face Transplant
    • 2017 MTV VMAs Nominations Are In And Voting Is Now Open
    • Bright House: Free McAfee AntiVirus and Adult Controls
    • Antarctic Yeti Crab Gets Formal Scientific Name
    • Spiders Take Over Australian Town
    • Interesting Facts About the Apollo 11 Mission
    • Social Smoking or The New Landmark of Elegance Among Young Women
    • Rare Weasel Returns To Washington State

Pages

  • About The Monitor Daily
  • Contact US
  • Our Team
  • Privacy Policy GDPR
  • Terms of Use

Recent Posts

  • Precisely what is Administration Buyback? Feb 12, 2020
  • Precisely what is Administration Buyback? Feb 12, 2020
  • Where by do Registered requests get kept Dec 1, 2019
  • Find a Star of the event on the Submit Purchase New bride List May 19, 2019
  • Locate Really enjoy On the internet Apr 30, 2019
  • Get Love On the net Apr 12, 2019
  • NYC Man Snaps Photo of the Victim After Sucker-Punching Him in Broad Daylight Jun 29, 2018

Ikea Furniture Will Unlock New Frontiers by Making Appearance on Third-Party Offers

By Leave a Comment

ikea warehouseSo far, Ikea kept the business for itself. The annual catalog, website, and occasional visit to its generous stores were the only ways to experience the iconic Swedish products. However, the company changed its mind. Ikea furniture will soon be available on online retailers as well. The public will also get to visit smaller Ikea stores in the city, navigate a revamped online ordering system, and access pick-up points.

Amazon and Alibaba Will Likely Be the New Ikea Furniture Vendors

Inter IKEA chief executive Torbjörn Lööf perceives the online transition as a stepping stone for his company. According to him, this is the very first business mutation consumers will experience since the creation of IKEA. This is why the primary focus in this new chapter will be to preserve the identity of the brand even on third-party territory.

“Traditionally the whole IKEA value chain has been designed to deliver to stores. That is changing and it is challenging a number of ways of doing business.”

While the main business will remain focused on outskirt warehouses where customers come to pick up their furniture pieces, Ikea intends to experiment on secondary plans as well.

Therefore, the company will push to become accessible in other digital and physical ways. While their identities weren’t yet disclosed, Amazon and Alibaba are the two potential main vendors that will start retailing Ikea furniture.

The Upcoming Urban Stores Will Take Advantage of Virtual Reality to Better Immerse the Public in the Ikea World

The company reported significant growth through this fiscal year. Documents showed total sales of $44.9 billion at a worldwide level for the quarter which ended in August. By comparison, same period last year recorded $42.87 billion of profit.

The income boost provided an excellent opportunity for business development. At the moment, the company is divided in two. IKEA Group consists of a network of businesses that tackle retail operations, including food retail and shopping centers. Inter IKEA is the brand owner that takes care of the supply chain as well as design.

Therefore, IKEA Group is going to indulge consumer’s latest preferences for home delivery and online shopping. Lööf claimed that the company is currently experimenting with new store formats of modest sizes.

However, this limited physical space makes room for tech innovation. The manufacturer is going to employ virtual reality to showcase Ikea furniture.

Image source: 1

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Business News

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 34 other subscribers

Operation Paperclip

Remembering Georg von Tiesenhausen, Last Member of Von Braun’s Rocket Team

By Leave a Comment

giant ground sloths on white background

It Seems that Giant Sloths Once Roamed Earth, and Humans Used to Hunt Them? (Study)

By Leave a Comment

sn 2001ig supernova explosion and images of its stars

A Star Escaped a Supernova Explosion, and NASA Snapped its Picture

By Leave a Comment

ngc 6420 galaxy resembling a giant butterfly

Hubble Spots Giant Butterfly Formed by a Black Hole and Stellar Winds (Study)

By Leave a Comment

infrared image of a dog

Space Technology Could Help Protect Earth’s Endangered Species

By Leave a Comment

snake slithering on a beige background

Kirigami Skin Is Helping a Soft Robot Slither Like a Snake (Study)

By Leave a Comment

woolly mammoth

Ice Age Tracks Reveal How Young Mammoths Cared for Adult Ones (Study)

By Leave a Comment

High Priestess tomb.

Archaeologists Discovered 4400-Years-Old High Priestess Tomb Near Cairo

By Leave a Comment

dwarf galaxies

Dwarf Galaxies Challenge the Entire Dark Matter Cosmology (Study)

By Leave a Comment

NASA Scientists and Food Experiments

NASA Scientists to Test if Astronauts Could Eat Their Own Poo

By Leave a Comment

KFC Smoky Wings Box Can Turn into Awesome Drone

By Leave a Comment

Tesla Model S

Tesla Model S Involved in Autopilot Malfunction Accident

By Leave a Comment

Duke Nukem.

John Cena Cold Feature in Duke Nukem Movie

By Leave a Comment

Battlefield One

Battlefield One Apocalypse DLC to Land in February

By Leave a Comment

Related Articles

  • Precisely what is Administration Buyback?

  • Precisely what is Administration Buyback?

  • Where by do Registered requests get kept

  • Find a Star of the event on the Submit Purchase New bride List

  • Locate Really enjoy On the internet

  • Get Love On the net

  • Frequent Questions About a Singapore Limited Liability Company

  • Well-known Questions About a Singapore Llc

  • Widespread Questions In terms of a Singapore Limited Liability Company

  • Popular Questions In regards to Singapore Llc

Categories

  • Business News
  • Entertainment
  • Featured
  • Health & Lifestyle
  • Nature
  • Politics & National
  • Sports
  • Tech & Science
  • US
  • World

Copyright © 2021 TheMonitorDaily.com

About · Privacy Policy · Terms of Use · Sitemap · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.