The boss of IKEA on dealing with the fallout of the covid crisis

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 92%

United States Headlines News

United States Latest News,United States Headlines

Jesper Brodin expects the shift in online shopping to continue

all over the world as the biggest furniture retailer, the most successful Swedish brand—and the cause of family quarrels over the assembly ofwardrobes. It has so far never made a name for itself as a place of worship. But on May 24th the car park of anshop in Wetzlar, a city in Germany, welcomed hundreds of Muslims for a Sunday prayer to mark the end of Ramadan, against the backdrop of the blue-and-yellow storefront. It was a nice gesture in times of social distancing.needed a lift.

Another important pick-me-up is that shoppers have returned in force, starting in China. Having entered lockdown before the rest of the world, Chinese consumers also emerged from it earlier—and plenty of them immediately hitshops. Many bought big and expensive items, says Jesper Brodin, chief executive of Ingka Group, the parent company that holds and operates mostTo Mr Brodin’s surprise, reopenings in Europe have involved “an effort in crowd control”.

Despite the European crowds, Mr Brodin expects the shift online to continue. Surveys in Europe suggest that consumers will continue to shop online for furniture in greater numbers even once the virus has faded. He is also soldiering on with two other pre-pandemic plans. The first is expansion into city centres. Ingka Centres already owns 45 malls in Europe, China and Russia.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I have an idea to expand online shopping. But ..will take long discussion.. it's my view ...if somebody need that reply me back. Even at the time of pandemic. 🙏

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IKEA Can’t Reopen Stores Fast Enough After Flubbing Online OrdersOverwhelmed by the surge in U.S. e-commerce, the furniture giant is now struggling to tighten screws in its operations that the pandemic shook loose. Shoppers say deliveries are lagging and many can’t schedule pickups. Welp another bites the dust AmazonPrime Are these are the same people who whined about not being able to get a haircut? ---- *asks the mostly bald man* It’s kind of hit or miss at this point. I had one order that took about a month; I had another that took just days.
Source: WSJ - 🏆 98. / 63 Read more »

Apple stock fully recovers from coronavirus decline, returns to record highsApple Inc. shares closed at a record high Friday in a sign of optimism for the smartphone industry’s ability to withstand the COVID-19 crisis. The panic sellers are now bleeding It's a great bull trap. The earning will give people a surprise. All it took was trillions in new debt that our children must pay. Billionaires got billions from the new debt and all you got was a lousy $1200 check. But your retirement fund investment in Apple is up. Good luck getting that money from Wall Street.
Source: MarketWatch - 🏆 3. / 97 Read more »

South Africa government, private hospitals agree deal on COVID-19 patientsThe South African government has agreed how much it will pay private hospitals and medical practitioners to treat severely ill COVID-19 patients if public hospitals run out of space, a senior health official told Reuters.
Source: Reuters - 🏆 2. / 97 Read more »

Unseen video of Kate Garraway and Derek before illness will break your heartGood Morning Britain star Kate Garraway has been dealt tragic circumstances since her husband Derek Draper fell ill with COVID-19 earlier this year She spoke to Ben and Ranvir this morning... not piers!
Source: Mirror Celeb - 🏆 476. / 51 Read more »

Civil rights advocates decry states giving COVID-19 positive residents' names, addresses to first responders35 states have passed policies giving first responders access to addresses of residents testing positive for COVID-19, according to an ABC News analysis. In 10 of those states the policies include language allowing the sharing of residents’ names. Did HIPAA laws just get thrown out the window? Deepstate Democrats evil plan Nobody cares about covid anymore
Source: ABC - 🏆 471. / 51 Read more »