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tv/commercials/ikea-worldssmallest-ikea-banner-store-2012
Introduction
Founded:1943 Sweden, Smland Headquarters: Leiden, The Netherlands Industry: Retail (Specialty) Products: self-assembly furniture Present in 40 countries around the world There are 330 of Ikea stores and around 154000 co-workers Ikea group owns 247 Ikea stores in 24 countries, the rest being managed by franchisees in 16 countries
Acronym- I (Ingvar)-Founders first name K (Kamprad)-Founders last name E (Elmtaryd)-Farm where he grew up A (Agunnaryd)-Home village Logo- Blue & Yellow; The colors of Swedish National Flag.
IKEA Concept
Ingvars innovative idea was to offer home furnishing products of good function and design at prices much lower than competitors by using simple cost-cutting solutions that did not affect the quality of products. Ingvar used every opportunity to reduce costs, and he scraped and saved in every way possible except on ideas and quality.
history
1943: founded in Sweden by Ingvar Kamprad; 1951: published the first IKEA furniture catalogue; 1955-1956: designed own furniture tested to use flat packages for shipping; 2001: established IKEA Rail
IKEAs Layout
Entrance upon the store Unique Design Display set up Upper level showroom Lower level Marketplace and Warehouse
Environmental friendly Minimize damage to environment Sustainable company Ban plastic and PVC
Current Profile
Focus on kitchen and bedroom Sleep Revolution
High-quality, Lower-price products
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Future Profile
Internet business Environmental protection 1)Long terms commitments with its suppliers 2)IKEA recycles its five most waste materials
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Marketing
Your partner in better living. We do our part, you do yours. Together we save money 1)internet, radio, T.V., newspapers, magazines 2)catalog is the main marketing instrument
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Competitors
Euromarket Designs Inc. Galiform plc Wal-Mart Stores, Inc.
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Competitors (1)
Euromarket Designs Inc. ( Crate & Barrel ) Company type: Private Founded: 1962 Chicago, Illinois, USA Headquarters: Northbrook, Illinois, USA Industry: Retail Products: Housewares, Furniture Sales (mil.):$ 401.3 (2007) Employees: 6,000 (2007)
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Competitors (1)
Compare to IKEA: by revenue and employee, far behind; similar management style, marketing strategy, stores, online sales, catalog Characteristic: two sister stores: CB2 is for young adults and the Land of Nod is for children.
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Competitors (2)
Galiform plc Company type: Public Founded: 1964: MFI 2006: Galiform plc Headquarters: London Industry: Furniture Trade Products: Kitchens & Bedrooms; Doors & Joinery 2006 Sales (bil.): $2.5 2006 Employees: 10,728
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Competitors (2)
Compare to IKEA: by revenue and employee, far behind; better than Crate & Barrel focuses on kitchen and bedroom products in the UK and France markets. Characteristic: Cuisine Stores
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Competitors (3)
Wal-Mart Stores, Inc. Company Type: Discount department store/Public Founded: 1962 Headquarters: Bentonville, Arkansas, USA Products: Discount stores, hypermarkets Slogan: Save Money, Live Better. 2007 Sales (bil.): $348.6 2007 Employees (mil): 1.9
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Competitors (3)
Compare to IKEA: by revenue and employee number, Wal-Mart, biggest public company; IKEA, private extensive products, furniture is only a small portion not a direct competitor
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IKEA Newspaper Ad
Creative Sliding Doors IKEA newspaper advertising from Australia
IKEA Balcony
IKEA redesigned the front of a whole apartment building in one of the busiest streets in Frankfurt with giant mock-ups of IKEA drawers
IKEA Billboard
Cool IKEA billboard reminds us to decorate for the holidays
IKEA Staircase
Stores main staircase was presented as a chest of drawers, with everything inside neatly organized.
Saudi Arabia
And in some, they actually went to the trouble of photo shopping out the women from the pictures:
Social site
https://www.facebook.com/IKEAUK?sk=app _113189835397748&filter=2
Videos
http://musicwithoutlabels.com/2012/11/10/mas ters-in-france-brings-back-playin-with-myfriends-with-ikea-new-musicvideo/
Pop up adds
http://www.creativeguerrillamarketing.com/g uerrilla-marketing/ikea-france-popsapartment-paris-metro/
Case-IKEA apologises for benefitting from forced prison labour in communist East Germany 30 years ago
A Swedish company, knowingly benefited from forced labor in the former East Germany to manufacture some of its products in the 1980s. Ikea had commissioned the report in May as a result of accusations that both political and criminal prisoners were involved in making components of Ikea furniture and that some Ikea employees knew about it. Accusations against Ikea started to appear in news media reports in Germany and Sweden. Ikeas admission has given new impetus to efforts by victims groups to receive compensation for work they were forced to perform under the Communist government in East Germany, an issue that has long been overshadowed here by the large and deadly slave-labor program under the Nazis.
IKEA last month moved a step closer to setting up its stores in Indiaone of the company's largest untapped marketswhen the country's foreign-investment board decided to forward the retailer's 1.5 billion ($2 billion) proposal to the federal cabinet.
In India, the company says it will open 25 stores, in two phases. The first ten will come up over the next decade and the remainder thereafter. India has actually served Ikea as a low-cost sourcing destination for the past three decades. The company sources $600 million worth of goods from here every year, primarily textiles and carpets, and plans to increase this to $1 billion annually.
IKEA is among the few foreign retailers that have sought permission to open wholly owned stores in India after New Delhi last year allowed 100% foreign ownership in singlebrand retail ventures, where a company sells only its own brand of goods. Previously, foreign companies could own a maximum 51% stake in such retail operations.
IKEA's proposal to set up 25 stores in India, if implemented, would be the largest investment in India by a global company "Ikea engages in predatory trade practices," he alleges, speaking on condition of anonymity. "In the first year, they offer excellent margins. In subsequent years, the margins reduce to a level that turns a unit into an unprofitable venture
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