1. Home

Discuss in my forum

Abe Abbas

What is IKEA Doing Right?

By January 26, 2012

Follow me on:

While so many furniture manufacturers are struggling, uncertain economic times have not affected IKEA adversely. Recently IKEA posted a 10.3% jump in its net profit for the year ending Aug. 31.

Privately Held Ikea Reports Profits

So what is IKEA doing right? Several things. It has improved how the furniture is manufactured and then flat packed, saving money on production and transport costs. Then, the savings have been passed on to consumers, as during this period IKEA also brought its prices down.

While lower prices are certainly bringing people in, the company has also focused on building customer loyalty by rewarding them. There was a party at IKEA stores for BYOF Day earlier this month. Lisa Finnin-Ciccoli, the Local Media Specialist at IKEA told me that traffic was good at my local IKEA store. Customers got free food, a free Life Improvement seminar with national TV host and designer Lisa Quinn, and drawings for shopping sprees.

Then there is the  IKEA Family program which offers news of new products,  discounts and deals, and the lure of free coffee. Who can resist free coffee?

Photo (c) Spencer Platt/Getty Images

Comments

February 6, 2014 at 3:10 am
(1) homepage says:

Great blog here! Also your site loads up fast! What web host are you using?
Can I get your affiliate link to your host? I wish
my website loaded up as fast as yours lol

Leave a Comment


Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>
Top Related Searches
  • jueves enero
  • ©2014 About.com. All rights reserved.