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The IKEA Lack table in white. The Lack (stylized as LACK) is a table manufactured by IKEA since 1981. [1] Modifications.
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. Additionally, Jean-Louis Baillot, the former head of IKEA France was ordered to pay €50,000 and received a two-year suspended prison sentence.
IKEA is the world's largest buyer and retailer of wood. [192] In 2015, IKEA claimed to use 1% of the world's supply of timber. [197] According to IKEA's 2021 Sustainability Report, 99.5% of all wood that the company uses is either recycled or meets the standards of the Forest Stewardship Council.
The cost to IKEA of the incident was estimated to be between $6 and $7 million. [7] In 1999, IKEA replaced the lacquer coating on the white bookcase with melamine foil. [1] In 2009 Bloomberg instigated a "Billy bookcase index", as an alternative to the Big Mac index, to compare relative price levels in different countries around the world. [8] [9]
The IKEA Catalogue (US spelling: IKEA Catalog; Swedish: Ikea-katalogen) was a catalogue published annually by the Swedish home furnishing retailer IKEA. First published in Swedish in 1951, [ 1 ] the catalogue was considered to be the main marketing tool of the company and, as of 2004, consumed 70% of its annual marketing budget. [ 2 ]
The group's Ingka Centres division has developed several shopping centres in which IKEA is the anchor tenant, including the MEGA malls in Russia. Beginning in 2020, the division has acquired existing complexes which will be renovated to include urban IKEA locations, including Kings Mall in London, 6x6 in San Francisco, and the retail podium of the Aura condominium towers in Toronto.
The IKEA effect is a cognitive bias in which consumers place a disproportionately high value on products they partially created. The name refers to Swedish manufacturer and furniture retailer IKEA , which sells many items of furniture that require assembly .
A Murphy bed (also known as a pull-down bed, fold-down bed, or wall bed) is a bed that is hinged at one end to store vertically against the wall, or inside a closet or cabinet. Since they often can be used as both a bed or a closet, Murphy beds are multifunctional furniture .