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IKEA closing only US furniture factory, cutting 300 jobs

Agence France-Presse
Posted at Jul 16 06:37 AM

IKEA said it will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost effective to make the products in Europe and import them.  Read more »

IKEA to tap Filipino farmers' products for upcoming store restaurant

ABS-CBN News
Updated as of Jun 05 06:59 PM

Furniture maker IKEA said it was looking at sourcing produce by Filipino farmers for its restaurant, as it prepares to open its store in Manila next year, an official of the company said Wednesday.  Read more »

IKEA to test furniture rental in 30 markets

Reuters
Posted at Apr 03 05:44 PM

IKEA will expand tests to allow customers to rent desks and sofas rather than buy them as it shifts away from selling low-cost disposable furniture in response to growing environmental concerns. Read more »

2018 Yearender: Business - The year of TRAIN and inflation

ABS-CBN News
Updated as of Dec 26 01:41 PM

Here are some of the biggest stories in business in 2018. Read more »

VIDEO: IKEA honcho on the genius of simplicity and other life truths

ANCX
Posted at Dec 11 07:52 AM

Guided by the IKEA vision to create a better everyday life for many people, Christian Rojkjaer has overseen an ambitious expansion since taking the lead at IKEA Southeast Asia in 2011. In this interview, he talks about his keys to success and the life lessons he had to learn the hard way Read more »

VIDEO: The amazing things we saw inside the Ikea Philippines HQ

ANC-X
Updated as of Dec 01 07:16 AM

Movable desks, and lamps that double as phone chargers are just some of the items we were introduced to when ANCX dropped by the first Ikea office in Manila. Read more »

Christian Rojkjaer wants to make the IKEA experience as Pinoy as possible

Owen Maddela
Updated as of Nov 27 08:08 AM

IKEA’s managing director for South East Asia reveals how the largest IKEA store in the world will be ‘Philippinized’ Read more »

ANCXclusive: IKEA’s bright Manila HQ makes the open office idea cool again

Owen Maddela
Posted at Nov 22 12:11 PM

We wouldn't mind working in this office.  Read more »

IKEA plans 7,500 job cuts in e-commerce push

Agence France-Presse
Posted at Nov 22 08:25 AM

The job cuts affect almost 5 percent of staff at Ingka Holding, Ikea's parent group. IKEA is its biggest brand with 367 stores in 30 countries and 160,000 employees. Read more »

IKEA's challenge: Predicting best-seller in Philippines

ABS-CBN News
Updated as of Nov 21 10:51 AM

IKEA plans to open its first store in the Philippines, also the world's largest, as early as October 2020. Read more »

Swedish brand IKEA launches store site

George Calvelo, ABS-CBN News
Posted at Nov 20 03:41 PM

IKEA executives and staff pose before a jeepney painted in the iconic blue and yellow of the popular Swedish furniture and home accessories brand during the press launch of its Philippine store. Read more »

Why IKEA chose PH for world's biggest store

Jessica Fenol, ABS-CBN News
Updated as of Nov 20 05:58 PM

Set for opening in 2020, IKEA Philippines will be 65,000 square meters big, enough to fit 150 basketball courts and nearly double the size of a typical branch, officials said. Read more »

Furniture with a chance of meatballs: Manila’s IKEA store will be as big as 150 basketball courts

ANCX Staff
Updated as of Nov 21 09:02 PM

The Swedish brand known for its affordable home furnishings with popular appeal is coming to SM Mall of Asia—and opening its biggest store in the world come 2020 Read more »

IKEA building world's largest store in Philippines, sets 2020 opening

Jessica Fenol, ABS-CBN News
Updated as of Nov 20 02:01 PM

Once complete, the IKEA store at the SM Mall of Asia will occupy 65,000 square meters, roughly the size of 150 basketball courts, the company said in a statement. Read more »

Bug in cake gives Ikea India fresh embarrassment

Agence France-Presse
Posted at Sep 21 05:44 PM

It is the second such embarrassment for the home retailer since the Hyderabad store opened in August, after another customer said he found a caterpillar in his rice earlier this month. Read more »

Ikea bets big on India but keeps meatballs off the menu

Agence France-Presse
Posted at Jun 24 12:07 PM

Furniture giant Ikea is set to open its first store and restaurant in India after years of trying but arguably its most famous item is off the menu -- Swedish meatballs. Read more »

IKEA boss shares 4 'retail is detail' tips for Filipino businessmen

Shiela Reyes, ABS-CBN News
Updated as of May 25 08:39 AM

IKEA, known for chic and affordable do-it-yourself furnishings, has served nearly a billion customers in 403 stores spread across 49 territories. Read more »

IKEA's promise to PH: Low prices to draw large market

Shiela Reyes and Warren de Guzman, ABS-CBN News
Updated as of May 24 02:54 PM

IKEA will price its products in the Philippines "so low," it will cater to the biggest possible market, an official of the Swedish furniture-maker said Thursday.   Read more »

SM Prime sets P80-billion 2018 capital expenditure for provincial businesses

ABS-CBN News
Posted at Apr 24 07:34 PM

SM Prime Holdings Inc on Tuesday said it has set an P80-billion capital expenditure for 2018 to support the growth and expansion of its businesses in the provinces.   Read more »

Flatpack fear no more? Robot assembles IKEA chair frame

Reuters
Posted at Apr 19 10:21 AM

Robots in Singapore have completed a task many humans dread - assembling flat-packed IKEA furniture.   Read more »