25 IKEA Facts That Need No Assembly

Posted by on October 11, 2016

IKEA is, by far, the most popular furniture retailer in the world. Started back in 1943 by a seventeen year-old Swedish boy, this store has grown into a megalithic company with revenue of almost €30 billion in 2014. With over 380 stores in 48 countries, millions of people have caught IKEA fever, flocking to the store every year to buy cheap, flat-pack furniture for their homes or to indulge in the store’s range of traditional Swedish foods, especially the meatballs. While IKEA has quickly entered our homes and our hearts, there’s a lot to know about this diverse company with a long history and creative marketing team.



In this list, we’ve assembled (pun intended) 25 facts about IKEA that you probably didn’t know – facts ranging from where it gets its furniture names to some of its clever marketing campaigns including being able to spend a night in an IKEA store to the reason why its stores are designed like a labyrinth. The company continues to grow and expand year-after-year, increasing profits, lowering prices, and even building its own city. If you’ve ever been caught up by IKEA mania or you just want to know more about the furniture and meatballs giant, you’ll love this list of 25 IKEA Facts That Need No Assembly.

25

IKEA buys up and uses about 1% of all commercially produced wood in the world, making them the third largest consumer of wood on the planet behind Lowe's & Home Depot.

Source: Business Insider & Thrillist, Image: Pixabay

24

IKEA pays one of the lowest tax rates in the world at just 3.5%. This is because the store is technically owned by a Dutch company in-turn owned by a Dutch non-profit organization. The legal structures are pretty complex, so suffice to say IKEA is technically the largest charity in the world – by net worth, not by charitable givings though.

Source: Neatorama, Image: Pixabay

23

IKEA's founder Ingvar Kamprad is the most successful Swedish entrepreneur in history. Starting out selling matchboxes, fountain pens, and nylon stockings as a kid, Kamprad began IKEA as a mail-order business when he was 17 years-old. Now one of the biggest furniture companies in the world, IKEA has revolutionized the furniture industry with its trademark flat-box furniture.

Source: The Famous People & Telegraph, Image: haparanda via Flickr

22

Increasing efficiency every year has allowed IKEA to actually lower its prices rather than up them year-after-year as many other retail chains do. IKEA drops its prices by around 2-3% annually.

Source: Business Insider, Image: Wikipedia



21

You may have noticed the unusual names IKEA furniture has, but there's a pattern to them all. Garden furniture is named after Swedish islands, carpets after Danish place names, and fabrics and curtains after female names.

Source: Business Insider, Image: Wikimedia