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



Feb 26, 2021, USA:
It will be the most significant expansion in Sephora's history, demonstrating its confidence in the retailer's future.
Feb 26, 2021, USA:
Shortly, 17 Apple mini-stores will open in hypermarkets across the country. The company intends to start opening such outlets in the fall.
Feb 25, 2021, India:
The vast mall's construction will cost $760 million, and the project is expected to be completed in seven years.
Feb 25, 2021, United Kingdom:
The brand plans to close 95 stores nationwide while paying reduced rent for the remainder of the term.
Feb 24, 2021, USA:
Old Spice Barber Shop will also serve as a brand store, digital content studio, and experience lab for new product developments.
Feb 24, 2021, USA:
The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe


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