June 27, 2017 11:05 AM ET

Specialty Retail

Company Overview of IKEA AG

Company Overview

IKEA AG retails home furnishings products. It sells products such as furniture, accessories, and bathroom and kitchen products through its retail stores. The company was founded in 1973 and is based in Spreitenbach, Switzerland. IKEA AG operates as a subsidiary of Inter IKEA Systems B.V.

Müslistrasse 16

Spreitenbach,  8957

Switzerland

Founded in 1973

Phone:

41 588 533601

Fax:

41 848 801 200

Key Executives for IKEA AG

IKEA AG does not have any Key Executives recorded.

IKEA AG Key Developments

IKEA to Open New Store in Burbank

IKEA announced its relocated Los Angeles-area store within Burbank will open to customers on February 8, 2017. The future 456,000-square-foot new IKEA Burbank store, including 1,700 parking spaces, is being built on 22 acres west of San Fernando Boulevard and south of Providencia Avenue – less than one mile from the company’s oldest store in the Western United States. The new, more spacious IKEA Burbank will feature a larger quantity of the nearly 10,000 exclusively designed items, 50 inspirational room-settings, three model home interiors, a supervised children’s play area, and a larger (600-seat) restaurant serving Swedish specialties. Other family-friendly features include a ‘Children’s IKEA’ area in the showroom, baby-care rooms, play areas throughout the store, and preferred parking. In addition, IKEA offers a variety of customer services such as home delivery, product assembly, product picking and delivery as well as an IKEA FAMILY loyalty program. In addition to 500 jobs created during construction and 150 new coworkers joining the store team, the new IKEA Burbank will generate even more annual sales and property tax revenue to the city and local schools. Also, IKEA is installing a solar array atop the new store, complementing its current U.S. renewable energy presence of solar at nearly 90% of its U.S. locations, and six electric vehicle charging stations.

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