Posted in home

IKEA gets sales boost from shoppers’ new stay-at-home focus

STOCKHOLM (Reuters) – IKEA sees sales returning to growth this year after the coronavirus crisis boosted shoppers’ interest in spending more on their homes, a trend the world’s biggest furniture retailer believes is here to stay.

IKEA is shifting focus from its traditional large out-of-town stores towards e-commerce and smaller inner-city formats as it adapts to the growth of online retailing and new shopping habits.

Jon Abrahamsson Ring, an IKEA veteran who became CEO of brand owner and franchisor Inter IKEA in March, said that, including test formats stores, some 50 new stores would open in the current year, against around 30 in 2019/20. Most of IKEA’s new stores are in inner-cities.

Retail sales – sales of products and services at the 445 IKEA stores and online – shrank 4% in the year through August, to 39.6 billion euros ($46.7 billion).

Abrahamsson Ring told Reuters retail sales at comparable stores

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Posted in kitchen remodel cost

Kitchen cabinets: The pros and cons of DIY painting, buying Ikea or going custom

When Molly Miller moved into her new house last summer, the kitchen was dark, with black countertops and only one small window. And, “it had beautiful, early 2000s cabinetry,” she says. “The people before us really loved that honey oak. They really loved it.”

She has a friend who repainted her kitchen herself, and thought about giving it a try since she was staying home due to the pandemic. “I started looking into it, and I didn’t think I could do a very good job,” she says. “I didn’t want it to look junky. I wanted it to look professional.”

She hired painters in June, and about a week and $3,000 later, she had bright white cabinets and no more honey-hued oak.

“I love it. No regrets,” says Miller, who lives in the Chicago suburb of Dyer, Indiana. “It looks cleaner, brighter. A new, fresher kitchen will bring me joy

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