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Ikea Owner Takes Stake in New Fifth Avenue Office Tower, Plans NYC Store

Retail TouchPoints

Ingka Investments will hold a one-third stake in the project alongside preferred equity components and full ownership of the building’s prime retail space, an 80,000 -square-foot store with a corner entrance on Fifth Avenue where Ingka plans to put an Ikea “customer meeting point.” in a statement. . in a statement.

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2024 Home Furnishings Industry Trend Guide

Storis

So, buckle up, home furnishings retailers; we’re ready to accelerate. We surveyed home furnishings retailers for insights on strategies to accelerate growth. More than 50% of those surveyed plan or use Generative AI for designing digital ads, writing content, and personalizing marketing.

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Ikea U.S. Launches Virtual Interior Design Service for Consumers and Businesses

Retail TouchPoints

is expanding its existing slate of design tools and services with the debut of an Interior Design Service, offering consumers and businesses the chance to connect virtually with an interior design expert to help develop any space. In true Ikea form, the service is priced affordably, starting at $99 for consumers and $299 for businesses.

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Ikea Plans $2.2 Billion Investment to Advance Omnichannel Presence

Retail TouchPoints

Plans include opening new stores, strengthening its fulfillment network and enhancing its regional product offerings to better reflect the needs of customers in different parts of the country. that enables IKEA Family loyalty program members to purchase home solar solutions that can generate and store their own renewable energy. “We

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How Ikea Australia plans to champion affordability and the shopping experience

Inside Retail

Ikea have established themselves as an affordable and accessible homewares brand for Australian consumers but they are showing no signs of slowing down. IR : What are your expectations for consumer sentiment and spending in the year ahead? This Plan and Order Point will also have a Pick Up Point for customers onsite.

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Ashley Leverages Samsung Tech to Launch New Connected Home Experience

Retail TouchPoints

. “We’re thrilled to collaborate with Samsung to elevate the home furnishings industry in ways that have never been done before,” said Chad Spencer, CEO of the Dufresne Spencer Group, the largest licensee of Ashley stores. “Samsung wants to remove the barrier to shopping for smart technology.

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Wesfarmers to merge back ends of Target, Kmart businesses

Inside Retail

The changes only occur on the business’s back end, with Target and Kmart remaining separate consumer-facing brands and store staff unaffected, Bailey was quoted by the Australian Financial Review (AFR) as saying. Kmart will continue to be price-driven and Target largely centred on affordable apparel and soft home furnishings, he added. “I