IKEA | Company Overview & News (2024)

From the Editor: Notable and Noteworthy

IKEA was founded in Sweden in 1943 by 17-year-old Ingvar Kamprad. IKEA operates 422 stores in more than 50 markets. Nearly 70% of the stores located in Europe. The best countries for IKEA are Germany (15% of sales) and the U.S. (14%). The retailer added 19 stores last year, including its first store in India in Hyderabad. Ikea received 957 million store visits in 2018 and 2.5 billion to Ikea.com. It offers roughly 9,500 products.

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IKEA Company Stats

As of May 2024

Industry: Retail and Wholesale

Founded: 1985

Headquarters: Almhult

Country/Territory: Sweden

CEO: Jesper Brodin

Employees: 208,000

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