Who Said IKEA, Tempe Going Out Business? They Are Doing Very Well
When in the midst of difficult economic times, such as the economic downturn we are currently enduring, watching retailers go out of business or corporations losing profits is not an unusual occurrence; it’s even expected. In the case of retailers, consumers are not as inclined to make purchases during challenging economic times.
Retailers like the privately-owned IKEA, is one of the great success stories in the middle of an otherwise bleak economic existence.
IKEA was first founded in 1943 by Ingvar Kamprad – just 17 years old at the time – inSweden.
Currently IKEA owns 332 stores across 38 countries;Germany, its largest market, houses 44 locations, while theUSis next with 37 locations. During 2010, IKEA set out to make their stores more eco-friendly by installing solar panels. Fitting their location inTempe,Arizonawith solar panels was one of their primary investments for the 2010 fiscal year. Given the success of the solar panels in theTempestore, they planned and accomplished installations for 10 more locations throughout theUSduring the 2011 fiscal year.
According to Arizona Business, on March 8, 2012 the Tempe store also became one of eight US locations to receive four Blink Pedestal electric vehicle charging stations as part of IKEA’s partnership with ECOtality, Inc. Consumers that own electric cars can park their car into a designated parking spot, swipe their Blink InCard to activate the charging station, then plug in their charger, and charge their car while they’re shopping in IKEA.