IKEA business idea
471 IKEA stores in 64 markets
Updated: 30 June 2022.
- The first IKEA store opened in 1958 in Älmhult, Sweden.
- The latest IKEA store to open is Stockholm, Sweden.
- Germany has the most IKEA stores in the world.
- The biggest IKEA store is Pasay City, Philippines.
Our year in review
Get a glimpse of FY21 with a selection of facts and figures.
Together, all over the world
The IKEA Brand unites thousands of co-workers and hundreds of companies with different owners around the world. The retail business is organised in a franchise system with 12 franchisees in 54 markets that – together with the franchisor and other parts of the business – continuously improve and develop the brand.
The IKEA franchise system
Being able to offer IKEA products to as many people as possible is a challenge we love. To ensure the long-term growth and development of the IKEA business we use a franchise system.
The IKEA way of retail
Whether we are entering new markets or meeting customers in new ways, we are constantly innovating to meet customer expectations.
IKEA is not the work of one person alone, it is the result of many minds and many souls working together through many years of joy and hard work.
More than a retailer
To meet the needs of our customers we have a unique business model and value chain. It includes product development, design, supply, manufacture and sales. And of course, it starts and ends with our customers.
Breaking down the IKEA value chain
Our value chain is about putting people first, and that starts by listening to people’s needs and dreams.
The history of IKEA
IKEA reaches millions of hearts and homes all over the world. And it all began in a small Swedish town in the 1940s.