Pre-tax profits at the Irish operation of Swedish furniture giant Ikea plummeted by more than 71%, to €2.53m, last year as rising investment costs ate into performance.

Ikea has appointed the third head of its UK and Ireland business in under two years, as the flatpack furniture store targets city centres.

Swedish home retailer IKEA’s parent company, Ingka Group, announced its intention to reduce IKEA’s worldwide workforce by 7,500.

Ikea has reported a 26% fall in annual profits; due mainly to the impact of it heavily investing in improving its online and delivery offerings.

Ikea has confirmed it has no plans to open further shops in Ireland after seeing online orders drive Irish sales in its latest financial year.

IKEA in Ireland have announced a rise in sales for the financial year ending August 31, 2018.

Swedish furniture giant Ikea has poured cold water on plans for a third Irish store in Cork, saying it has "no plans at present" for another and is concentrating on further developing its Ballymun facility.

Esther N McCarthy picks out creative cashmere art, and high-sustainability kitchen units in cool anthracite grey Esther N McCarthy

The Swedish store has made the commitment to remove them from its product range and restaurants by October 1.

IKEA has reportedly expressed an interest in acquiring the former Clerys building.

Ikea has recalled some packets of marshmallows sold at its Irish stores.

When Ikea’s Ingvar Kamprad died last Saturday at age 91, he was ranked number 8 on the Bloomberg Billionaires Index thanks to his control of a global retail fortune valued at over €47.3bn.

Ingvar Kamprad, the Ikea founder who turned a small-scale mail order business into a global furniture empire, has died aged 91, the company said.

IKEA are all about being innovative and creative advertising but this ad might just be their strangest yet.

By Aoife White and Stephanie Bodoni

Hundreds of shoppers were evacuated from Ikea last night.

Hundreds of shoppers were evacuated from Ikea this evening.

Carrigtwohill in East Cork is being lined up by Ikea, the world’s largest furniture retailer, for its second full retail store in the Republic of Ireland, with a promise of around 500 retail jobs locally.

Carrigtwohill in East Cork is being lined up by Ikea, the world’s largest furniture retailer, for its second full retail store in the Republic of Ireland, with a promise of around 500 retail jobs locally.

A location in East Cork is being lined up by IKEA, the world’s largest furniture retailer, for its second full retail store in the Republic, with a promise of around 500 retail jobs locally, writes Irish Examiner Property Editor, Tommy Barker.

Winter is coming...but IKEA has you covered.

IKEA has said it is still actively looking for opportunities in Ireland amid major expansion plans in the UK.

Assembling quite the wedding.

Swedish furniture retailer Ikea has apologised for a catalogue aimed at Israel's ultra-Orthodox Jewish community which contains no images of women.

 

Swedish home furnishing giant Ikea posted annual sales of over €150m in the Republic, prompting fresh speculation that it may look to Cork to open a new store.

A man has died following a "workplace accident" at an Ikea store.

Ikea Group has laid out plans to accelerate its expansion in China and open its first store in India as the world’s largest furniture retailer seeks to boost sales by almost 50% over the next four years.

Ikea has opened a new order and collection point in Carrickmines in Dublin.

Ikea is recalling a line of safety gates following reports of children falling down stairs after they opened unexpectedly.

Home furnishing giant Ikea is to open a smaller store on the southside of Dublin this summer.

PLAY STORAGE: Your child will easily find their favourite picture book in the new Flisat range of small furniture and playroom storage from IKEA.