The first compact store opened in Limoges at 3,000 m² and a second will open in Le Mans; the format offers more than a quarter of the IKEA range for immediate pick-up and will be located mainly in retail parks.
IKEA
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.
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.
Forest portfolio in Latvia and Lithuania holds FSC certification following decade of sustainable management.
Net profit rises 75% to Euro 1.4 billion as investments reach Euro 4.3 billion in renewables and forestland.
Only 15% of IKEA products sold in U.S. are sourced locally.
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.