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STOCKHOLM — Swedish furniture giant Ikea said on Thursday it was counting on price drops launched in September to stem two years of falling sales volumes attributed to soaring inflation.The company reported on Thursday a 6.6 per cent rise in sales for the full-year to 47.6 billion euros ($50.2 billion.)"This positive result was achieved despite the continued challenge of lower

We look back at Ikea’s Space10 most ground-breaking design ideas

Swedish flat-pack furniture giant Ikea opened its doors to a new store in downtown San Francisco on Wednesday, bucking the trend of big retailers such as Nordstrom and Old Navy closing shops amid falling foot traffic and rising crime in the city. Ikea, known for its suburban warehouse-like stores, is pushing more in-city shops and promoting its online stores, as shoppers buy more from marketplaces such as Amazon.com. The opening, though, comes as San Francisco's crises of drugs and homelessness have worsened, leading to tourists and business visitors staying away and depleting the ranks...

Foreign forestry giant says it wants to "hire locally, buy locally, think locally".