The new format will carry more than 2,000 items in store, with the full range available via pick-up or delivery, as Ingka expands beyond large out-of-town locations.
Ingka Group
Transaction with Ingka Investments finalised after competition review in Latvia and Estonia.
The platform enables local buying and selling of pre-owned IKEA furniture and aims to reach 170,000 listings in 2026 across Spain, Norway, Portugal, Poland, and Sweden.
Net profit rises 75% to Euro 1.4 billion as investments reach Euro 4.3 billion in renewables and forestland.
89% of purchased land in Latvia and Estonia consists of forestland, covering 135,702 ha.
Online share rises to 30% while store visits increase by 1.3% across 736 million visits.
Online sales grow to 28% of total IKEA retail revenue in FY24, up from 11% in FY19.
New store occupies two floors inside 53,000 sq ft SoHo building acquired by Ingka Group.