IKEA

Things are tight for shoppers right now. Prices are high. Wallets are stretched. And people are looking for deals wherever they can. IKEA's CEO, Jesper Brodin, gets it. “This has not been the most prosperous year,” he said in a recent interview with Business Insider. No kidding. Don't...

In a bold move, Ikea is set to rival online platforms such as eBay (NASDAQ:EBAY), Craigslist, and Gumtree by introducing a peer-to-peer marketplace for customers to trade used furniture. The innovative platform, named “Ikea Preowned,” will be trialed in Madrid, Spain and Oslo, Norway...

In seven months, voters will decide the outcome of the 2024 presidential election, which is shaping up to be a battle between Joe Biden and Donald Trump. When picking the next president, there’s a lot to consider. But one election poll might have gone a bit overboard with some rather unique...

American Airlines pilot and spokesperson for the Allied Pilots Association Capt. Dennis Tajer has voiced serious concerns regarding new safety allegations about Boeing Co. (NYSE:BA) 787 aircraft. What Happened: During CNBC’s “Last Call” on Tuesday, Tajer described the Boeing...

Apple Inc. (NASDAQ:AAPL) has publicly supported a bill in California, necessitating large corporations to report their yearly greenhouse gas emissions. What Happened: Apple has lent its support to a California Senate bill that mandates companies with annual revenue of over $1 billion to...

A leading furniture and home furnishings retailer is stepping up its commitment to renewable energy with a new solar panel launch. What Happened: IKEA has partnered with SunPower Corporation (NASDAQ: SPWR) to make home solar panels more accessible to U.S. customers. “At IKEA, we’re...

IKEA and its last-mile delivery partner in Canada, Second Closet, will deploy 15 all-electric Lion Electric trucks this fall in Canada. The vehicles making deliveries for IKEA Canada will operate in Bocherville, Quebec; Etobicoke, Ontario; and Richmond, British Columbia. They are Lion6 heavy-duty...

The gigantic sizes of Microsoft Corporation (NASDAQ: MSFT) and Sony Corporation’s (NYSE: SNE) video game consoles means putting them upright on a shelf is a challenge — but worry not Ikea has found a novel workaround.  What Happened: The Swedish lifestyle giant has placed mock...

The number of SPACs that file to go public continues to rise as we close out 2020. A uniquely named offering includes a management team of all women. The SPAC: Queen’s Gambit Growth Capital is seeking to raise $225 million in an offering. The units will include one half of a warrant. The SPAC...

Fifteen states will collaborate on efforts to limit pollution and greenhouse gas emissions from commercial trucks Thirty-seven major companies and investors have endorsed the plan, among them DHL Express U.S, IKEA, and PepsiCo. On the heels of California's clean truck rule, 15 states and the...

Swedish furniture and home goods retailer IKEA has agreed to pay $46 million in settlement to the parents of a toddler who was crushed to death under one of the company's dressers in 2017, The New York Times reported on Monday. What Happened Joleen and Craig Dudek had sued Ikea in December 2017...

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Ikea acquires 42,000-acre forest in Texas; Port of Brownsville gains approval for $38 billion LNG projects; Laredo border bridges see long lines for cargo trucks; Global...

IKEA has opened a distribution center near Toronto, its first in Canada operated by a third party, DHL Supply Chain. The Swedish retailer officially opened the facility in Kleinburg, Ontario, on Sept. 19, but it has been gradually scaling operations for the past two months.  The 550,000-square-...

Smart speaker maker Sonos Inc. (NASDAQ: SONO) posted a strong third-quarter beat Wednesday, but investors aren’t hearing how good things sound for the growing company, sell-side analysts said. The company’s new partnership with Ikea, which will sell Sonos connected speakers, and...