The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
1,000 jobs Number of planned job creations
Announcement Date
11 April 2016
Employment effect (start)
1 June 2016
Foreseen end date
31 December 2018
Description
Swedish furniture retail chain Ikea is to open new stores in Italy, at first in Cagliari (Sardinia) and Rome (Lazio), envisaging 1,000 new hirings by the end of 2018.
The company's turnover in Italy increased by 5.5% in 2015 in Italy and the net profit reached about €10 million. This positive performance on the Italian market triggered the decision to increase the number of stores in Italy. In addition, the company will introduce 'pick up points' in city centres for goods ordered online, thus saving on shipping costs.
Sources
17 March 2016: Il corriere della sera
11 April 2016: La Repubblica
Citation
Eurofound (2016), Ikea, Business expansion in Italy, factsheet number 87269, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87269.
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