IKEA

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Inter IKEA Systems B.V.
Private
IndustryRetail
Founded28 July 1943; 78 years ago (1943-07-28)[1] in Sweden
FounderIngvar Kamprad
HeadquartersDelft, Netherlands
Number of locations
445 (2021)[2]
Area served
Europe, Middle East, North Africa, East Asia, South Asia, Southeast Asia, Oceania, North America
Key people
ProductsReady-to-assemble furniture, homeware, food products
RevenueIncrease 41.3 billion (FY 2019)[5]
Websiteabout.ikea.com
www.ingka.com
Retail page www.ikea.com
An IKEA store in Minnesota.
An IKEA store and parking lot in Finland.
An IKEA store in Cerny Most, Prague.

IKEA is a multinational furniture company that was founded by Ingvar Kamprad, from Sweden. The name IKEA is an acronym from the name Ingvar Kamprad, Elmtaryd (the farm where he grew up), and Agunnaryd (his hometown in Småland, southern Sweden).

History[change | change source]

The company was started in 1943 by Ingvar Kamprad (1926-2018) when he was seventeen years old as a mostly mail-order sales business. [6]From the beginning, the company was selling items such as pens, picture frames, clocks, jewellery, nylon stocking, wallets and whatnot. After an order, Kamprad would often deliver it himself. By 1947 it started selling furniture and by 1958 the first IKEA store was opened in Älmhult, Småland. The first stores outside Sweden were opened in Norway (1963) and Denmark (1969). The stores spread to other parts of Europe in the 1970s, with the first store outside Scandinavia opening in Switzerland (1973), followed by West Germany (1974).

References[change | change source]

  1. Hitti, Natasha (2 August 2018). "IKEA celebrates 75th anniversary with vintage furniture collections". Dezeen. Retrieved 25 August 2021.
  2. "IKEA's number of stores worldwide from 2013 to 2020". statista.com. Retrieved 8 December 2020.
  3. "IKEA Has a New CEO". Fortune. 24 May 2017. Retrieved 5 December 2017.
  4. "IKEA finalizing its biggest overhaul in decades". Reuters. Retrieved 19 December 2020.
  5. Engel, Clint (25 September 2019). "IKEA's worldwide sales hit 45.4 billion". furnituretoday.com. Retrieved 22 December 2020.
  6. Nast, Condé (2011-09-26). "House Perfect". The New Yorker. Retrieved 2021-10-20.

Other websites[change | change source]