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IKEA Group net income rises 3.1% in FY'13

31 Jan '14
6 min read

IKEA Family (IKEA customer loyalty program) membership grew 85% in FY13 to 4.3 million, up from 2.3 million members in FY12. 

Reinvesting in IKEA US Stores:  IKEA US is currently in the process of investing in total remodels of the Marketplaces in US stores, where home furnishing accessories are sold. During FY13, 17 more storess across the US received Marketplace remodels, with four others to be completed in FY14. 

The goal of these remodels is to improve the customer shopping experience and show a wide range of home furnishing accessories in a better way. In FY13, IKEA began the process for expanding its Boston-are store in Stoughton, MA., where construction is expected to conclude Summer 2014.
 
Expansion:
IKEA US officially broke ground in 2013 on two stores slated to open in 2014; its second South Florida store will open this summer in Miami- Dade County and a Kansas City-area store will open this Fall in Merriam, KS. Additionally, IKEA recently announced plans to open a St. Louis store in Fall 2015. 
 
US Sustainability Initiatives ~ Renewable Energy: IKEA US is in the midst of investing $150 million in Photovoltaic systems. IKEA is currently the 2nd largest private
commercial solar US owner/user. During FY13, IKEA installed solar panels atop 8 more US locations. 
 
Total IKEA US units now covered is 39 out of 44 (90%). For FY14, IKEA US will expand the solar installations atop 3 locations as well as install an array atop its future Miami-Dade store set to open in Summer 2014. For FY14, IKEA US will be constructing a geothermal project to heat and cool the future Kansas City-area store opening Fall 2014 in Merriam, KS. FY14 plans include to further these investments into other alternative energy technologies. 
 
IKEA opens one store in FY14, and another store FY15. Both stores -Miami and Kansas City- open in calendar year 2014. Fall 2015 store opening will be St. Louis, FY16 for IKEA. 

IKEA

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