Close
 

Ikea founder Ingvar Kamprad has passed away

  • Who's Where
  • January 30, 2018
  • Sarah Dunn
Ikea founder Ingvar Kamprad has passed away

According to the Ministry for Business Innovation and Employment, the failure rate for Kiwi businesses is somewhere between 20 percent and 48 percent depending on their size. These figures are more or less globally applicable. So when Ikea's founder Ingvar Kamprad founded his flat-pack furniture company, he almost certainly didn't expect to see it become a global business worth more than EU35 billion.

Kamprad passed away at his home in Småland, the southern Swedish town of his birth, at the age of 91 on January 27. He founded the Ikea furniture empire in 1943, when he was just 17, with what the company describes as “a vision of creating a better everyday life for the many people”.

The name Ikea is formed from Kamprad’s initials, and the first letters of Elmtaryd and Agunnaryd – the farm and the parish where Ingvar grew up. Ikea originally sold small consumer-goods objects like pens, wallets and jewellery via individual sales calls made by Kamprad himself, but by 1948, Kamprad had shifted to a mail-order model and started selling furniture.

The first Ikea store opened in 1958 at Älmhult, Sweden, boasting the largest furniture display in Scandinavia at the time. A new Ikea store replaced this outlet in 2012, with Kamprad there to welcome the first customers, and an Ikea museum now stands in its place.

Kamprad has not had an operational role within Ikea since 1988, but continued to act as a senior advisor to the business.

“We are deeply saddened by Ingvar’s passing. We will remember his dedication and commitment to always side with the many people. To never give up, always try to become better and lead by example”, says Torbjörn Lööf, CEO and president of Ikea’s worldwide franchisor company, Inter IKEA Group.

Ikea has 412 stores in 49 markets. For some years now, Kiwi consumers have keenly anticipated the arrival of Ikea on Kiwi shores, but the company has refrained from commenting on its plans for New Zealand. A Facebook page called ‘Bring Ikea to NZ’ has more than 19,000 likes.

Earlier in January, New Zealand architecture, retail design and property consulting company RCG confirmed it had been working with Ikea on a market research project. Associate director John Polkinghorne declined to share any detail about the work.

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

 
 
 

Retail NZ calls for national rules around Easter trading

  • News
  • May 22, 2018
Retail NZ calls for national rules around Easter trading

A recent report carried out by Retail NZ has shown that council changes surrounding Easter trading was well received by both shoppers and workers. The report shows a strong lean towards councils opting to allow retailers to open or not during the holiday.

Read more
 
 
Sponsored content

Retention in Retail

Retail is known for having a high staff turnover, which can be costly and damaging to your brand. How do you turn this around and ...

 
topics
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
The future is bright
We spoke with four retailers in their twenties ...
Spotlight on signage
At first glance, the humble in-store sign might ...
How to open a store
Sarah Dunn considers what it would take to ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Sisterhood
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...
 

Kiwi Property gains altitude in annual report

  • News
  • May 21, 2018
Kiwi Property gains altitude in annual report

An ongoing ability to connect with customers on a social level has been hailed as one of the reasons for Kiwi Property’s impressive financial growth for the last year. The report shows a record $1.8 billion in retail sales across the portfolio.

Read more
 
 

The Warehouse Group switches to compostable bags

  • News
  • May 21, 2018
  • Sarah Dunn
The Warehouse Group switches to compostable bags

Following the lead of retailers like Mitre 10, Countdown and New World, The Warehouse Group is transitioning into offering fully compostable bags across the entire company. This means 254 stores from the red sheds; Warehouse Stationery; Noel Leeming and Torpedo7 will no longer offer petroleum-based plastic bags.

Read more
 

Deadly Ponies debut appearance

  • News
  • May 18, 2018
  • Sarah Pollok
Deadly Ponies debut appearance

New Zealand’s luxury leather accessories brand, Deadly Ponies, continues to make waves in the fashion world. Now impressing designers and industry icons alike at its debut in the Australian Mercedes-Benz Fashion Week.

Read more
 
Next page
Results for
Topics
Jobs
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

Advertise
The Register

editor@theregister.co.nz

Content marketing/advertising? Email anita@tangiblemedia.co.nz or call 022 639 3004

View Media Kit

}