Ikea's US CEO answers our 3 biggest questions about the future of the furniture chain - Business Insider

Quiñones, who previously ran Ikea's division in the UK and Ireland, spoke about consumer preferences and e-commerce.

"What you will see in the stores is us investing in making sure that we have the best place in the world for getting inspired, when it comes to home furnishing and inspiration," Quiñones told Business Insider. "That's probably been the biggest focus in the last couple of months."With the rise of planning studios and the opening of the medium-sized store format in Queens, is the era of the big-box store over?: I still remember the first time I entered an Ikea store.

Of course e-commerce is growing and it's growing rapidly. We are investing a lot in the back end of the business, things that probably are not visible yet but will allow us to fulfill and to deliver in a very short period of time. We see that 80% of people will start their shopping at Ikea online. So the process of, let's say, exploring a new kitchen, it will start online.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wartime economy: What the US will look like amid coronavirus outbreak - Business InsiderWartime economies created the wristwatch, aviator sunglasses, and Jeeps. Ford once made tanks for WWII, now it could make ventilators for hospitals.
Source: BusinessInsider - 🏆 729. / 51 Read more »

UBS now sees a deep US recession by July due to the coronavirus pandemic - Business Insider'Our previous assumptions are invalid and even our downside scenario is becoming too rosy,' UBS economist Seth Carpenter wrote in a Thursday note.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The US may incentivize banks to help with coronavirus response - Business InsiderUS regulators are considering awarding banks tangible regulatory points for helping consumers most affected by the coronavirus pandemic.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US lab testing startup Everlywell developed an in-home test for the novel coronavirus - Business InsiderThe NFL and NBA are likely using the lack of live sports to gauge demand for their direct-to-consumer services and convert fans into paid subscribers
Source: BusinessInsider - 🏆 729. / 51 Read more »

Airline mergers and acquisitions in the US since 2000 - Business InsiderThe past 2 decades saw the number of major airlines in the US cut in half. See how consolidation in the 2000s left customers with fewer options as profits soared.
Source: BusinessInsider - 🏆 729. / 51 Read more »