IKEA Invades America 2004

IKEA Invades America 2004

Case Study Analysis

In 2004, IKEA announced the IKEA Invades America initiative. The initiative promised to make every home in the United States furnished with Swedish furniture and home accessories within the next ten years. The announcement came as a surprise to many; most expected the company to concentrate on making affordable and functional furniture for everyday Americans. As the years passed, IKEA invaded more and more neighborhoods across America. In fact, by 2009, IKEA had opened more than 30 new I

Alternatives

IKEA, the famous Swedish furniture giant, is invading America! A mere five years later, and the dreams of millions of Americans have been fulfilled: IKEA has set up shop in every neighborhood. I was pleasantly surprised when the IKEA representative came knocking on my door. There in the center of the living room sat a massive furniture store. The IKEA rep explained, “Our sales are brisk, we’ve never had so many customers in one place!” I have never had such a good deal

Problem Statement of the Case Study

IKEA Invades America 2004 I wrote: 1. Why Did IKEA Invades America 2004? As of 2020, IKEA is a huge success with its furniture stores across the world. Click Here IKEA has always believed in its customers’ needs and wants. In this case, IKEA believed that there is no need for an American store as Americans were not ready for a home goods market. IKEA invaded America with its first home store and became a massive success, with its

SWOT Analysis

“The world’s top expert on IKEA invades America and writes about how a Swedish furniture company took over the US,” writes Ikea’s most experienced writer (me), in a personal essay, “inspired by my personal story: how an 82-year-old man got seduced by the IKEA myth and bought an 1,800-square-foot apartment in the US, to be filled with the “cozy” Swedish furniture I so admired”. My life-long mission is to show

BCG Matrix Analysis

It is an event that changed everything! The day when the Swedish furniture giant IKEA opened its doors in the United States was in November 2004, when IKEA opened its first store on a shopping mall in Greenwich Village in New York City. At that time, the furniture industry seemed to be on the verge of a massive crisis – big retailers such as Sears, Macy’s and JCPenney were slowly closing down, and traditional furniture stores were struggling in the face of online competition. However, IKE

PESTEL Analysis

IKEA invades America 2004 was the first time we witnessed IKEA’s unlimited growth. A 2.3 million square foot store has been established in the US in 2004, with a cost of $65 million and a yearly turnover of $75 million. Read More Here With its expansion to the US, IKEA has grown by leaps and bounds and now has an online presence in the country. With its low prices and affordable furniture, IKEA’s expansion to the US is a game-ch