IKEA US

IKEA is one of the largest furniture brands in the world and a manufacturer and supplier of ready-to-assemble furniture and homeware. IKEA was founded in 1943 by Ingvar Kamprad. It is headquartered in Delft, Netherlands, and operates 433 locations worldwide in 52 countries. IKEA's website has over 12,000 listed products that generate 2.1 billion visitors per year. Thanks to its large online presence, IKEA has become one of the top 10 furniture brands in the world, announced in 2020.

IKEA furniture is designed to be assembled to provide affordable furniture products to its consumers by reducing costs. The company operates mainly in the field of designs and sells ready-to-assemble furniture, store design, which includes their ever-popular layout that naturally guides shoppers “the natural way” through the showroom. The store design experience also includes restaurants, food markets, and kids play areas. Ikea is also known for its products and services, which include furniture that is designed to be assembled by the consumer, adding to the unique experience the brand sells to its customers. The products are also known for their memorable product names that are usually of Scandinavian origin.

All IKEA stores are operated under a franchise from Inter IKEA Systems B.V., most of which are operated by IKEA Group. In 2018, IKEA grossed over €38.8 billion or US$44.6 billion worth of goods were sold. IKEA accounts for about 1% of world commercial-product wood consumption, making it one of the largest businesses using wood in the retail sector.

Revenue: US$45.4 billion (Source: blog.bizvibe.com)

Market Cap: 18 billion U.S. dollars (Source: Statista)

Website: http://www.ikea.com/