Find in the news:
BY COUNTRY

IKEA plans to return financial aid to the government



Summing up the quarantine, the Swedish retailer found that the losses were much smaller than expected.
Ikea store

IKEA is now negotiating with governments to return funds to nine countries that previously provided government support to the company during the crisis caused by the Coronavirus COVID-19 pandemic. The assistance was not in the form of direct payments, but through paid leave schemes for company employees.

According to Tolga Oncu, Retail Operations Manager, Ingka Group, at the beginning of the crisis the company expected a 70-80% drop in sales. However, at the moment, when almost all 374 Ikea stores in different countries have opened, the company is experiencing an increased influx of customers. Tolga Oncu explains this process by stating that consumers are realizing the deferred demand for goods for home improvement.

After evaluating the losses and finding that the financial situation is in line with more optimistic forecasts, the company decided to start negotiations on the return of the aid in one form or another with the authorities of nine countries - the United States, Czech Republic, Belgium, Portugal, Ireland, Croatia, Spain, Romania, and Serbia.

Negotiations are still only in the early stages. Due to the fact that different countries have different schemes for financial support or part-time work, the company does not yet have a specific scheme for the return of assistance. Also, the exact amount to be returned to the government in some form is not yet known.

According to Tolga Oncu, the return of the aid received is just "the right thing to do" for the company. He also added that IKEA is committed to working in the long term and believes it is important to have good relations with communities around the world.

More about shopping malls in Sweden



May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Apr 22, 2022, Brazil:
BR Malls Participacoes and Aliance Sonae Shopping Centers may merge to form Brazil's largest mall operator.
Apr 22, 2022, United Kingdom:
The online retailer began selling cosmetics from luxury and indie brands.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us