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He gave the example of Belgium, where price cuts took effect on Feb. 1—IKEA was able to significantly lower prices on parcel deliveries from €9.99 ($10.81) to €2.99 ($3.24).
Ikea's top line took a beating, but the company defends the decline as it managed to draw more shoppers than the previous year. Ikea’s revenue hit as it spent €2 billion slashing prices.
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The Japanese designer, Noboru Nakamura , created the original "Poem" chair in 1975 in collaboration with product manager Lars Engman, who later headed up the IKEA design team. [3] [4] [5] The design of both the Poem and Poäng chairs resemble that of the "Armchair 406," created by the Finnish designer Alvar Aalto in 1939.
The French branch of IKEA went on trial on 22 March 2021, for running an elaborate system to spy on staff members and job applicants by illegally using private detectives and police officers. [17] On 15 June 2021, IKEA France was found guilty of spying and ordered to pay €1.1m in fines and damages for these illegal practices.
Until 28 September 2023, IKEA owned & operated the MEGA Family Shopping Centre chain in Russia. Its operations have since been sold to Gazprombank. [131] On 8 August 2008, IKEA UK launched a virtual mobile phone network called IKEA Family Mobile, which ran on T-Mobile. [132] At launch it was the cheapest pay-as-you-go network in the UK.
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