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United States

Anna Ringstrom

IKEA accelerates services drive as competition stiffens

Feb 11 2019

STOCKHOLM/NEW YORK Jessica Reznik likes IKEA's prices but not do-it-yourself. So when the Swedish furniture giant said a handyman on odd-jobs site TaskRabbit could assemble her new dresser and nightstand in her New York apartment, she jumped at the offer. | Video

FOCUS-IKEA accelerates services drive as competition stiffens

Feb 11 2019

STOCKHOLM/NEW YORK, Feb 11 Jessica Reznik likes IKEA's prices but not do-it-yourself. So when the Swedish furniture giant said a handyman on odd-jobs site TaskRabbit could assemble her new dresser and nightstand in her New York apartment, she jumped at the offer.

H&M blames online investment for latest profit decline

Jan 31 2019

STOCKHOLM Sweden's H&M disappointed investors with a 10 percent tumble in quarterly profit, the world's second largest fashion retailer blaming investment aimed at boosting its online business for the decline.

H&M quarterly sales rise but doubts about turnaround weigh

Dec 17 2018

STOCKHOLM H&M reported on Monday sales growth in the three months to November but doubts about the strength of recovery at the world's second-biggest fashion group sent its shares down.

IKEA targets big cut in greenhouse gas emissions from production

Nov 30 2018

STOCKHOLM IKEA, the world's biggest furniture group, pledged on Friday to cut greenhouse gas emissions from its production by 80 percent in absolute terms by 2030 from their levels two years ago.

IKEA Group profit falls as invests in online and city-center stores

Nov 28 2018

STOCKHOLM IKEA Group said on Wednesday large investments in improving its online offering, delivery services and in opening new smaller city center stores to meet changing shopping habits pulled its full-year profits down 26 percent. | Video

H&M to close down its struggling Cheap Monday brand

Nov 27 2018

STOCKHOLM H&M , the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.

H&M to close down its struggling Cheap Monday brand

Nov 27 2018

STOCKHOLM H&M , the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.

CORRECTED-UPDATE 1-H&M to close down its struggling Cheap Monday brand

Nov 27 2018

STOCKHOLM, Nov 27 H&M, the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.

IKEA brand owner says higher wood and metal prices hit profit

Nov 12 2018

STOCKHOLM The owner of the IKEA furniture brand reported a drop in annual underlying profit on Monday, hit by higher wood and metal prices. | Video

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