Content about Jardine Matheson Group

July 14, 2014

Ikea is submitting plans to Clark County, Nevada, for a Las Vegas-area store that would increase the Swedish retailer’s presence in the western United States.

Conshohocken, Pa. -- Ikea is submitting plans to Clark County, Nevada, for a Las Vegas-area store that would increase the Swedish retailer’s presence in the western United States.

The application marks the beginning of an approval process that could lead to the store’s opening as early as summer 2016.

July 1, 2014

Ikea has plugged-in an expansion of the solar array completed in April 2013 on the roof of its 1.7 million-sq.-ft. Perryville, Maryland, distribution center.

Conshohocken, Pa. – Ikea has plugged-in an expansion of the solar array completed in April 2013 on the roof of its 1.7 million-sq.-ft. Perryville, Maryland, distribution center. Installation of the new panels began in fall 2013, and since then have nearly doubled the size of the original project.

June 26, 2014

Ikea is planning to raise the hourly minimum wage for employees in its U.S. stores by an average 17%, beginning January 1, 2015.

Conshohocken, Pa. -- Ikea is planning to raise the hourly minimum wage for employees in its U.S. stores by an average 17%, beginning January 1, 2015. In a move unprecedented among U.S. retailers, Ikea’s wage hike will vary in that it will be based on the cost of living in each store’s location. According to Ikea, the change will take the average minimum hourly wage in its existing U.S. stores (as of June 2014) to $10.76, a $1.59 or 17% increase, and $3.51 above the current federal minimum wage.

June 3, 2014

Ikea announced it had completed the installation of South Florida’s largest solar array, which will be plugged-in officially atop the future Miami-Dade Ikea store opening this summer in Sweetwater, Florida.

Sweetwater, Fla. -- Ikea announced it had completed the installation of South Florida’s largest solar array, which will be plugged-in officially atop the future Miami-Dade Ikea store opening this summer in Sweetwater, Florida. Combined with rooftop arrays in Orlando, Tampa, and Sunrise, this fourth solar project will keep Ikea as the state’s largest non-utility solar owner.

December 30, 2013

IKEA plans to break ground on a three-level, 380,000-sq.-ft. building in midtown St. Louis this summer, according to Pace Properties, the broker selected by IKEA to help facilitate the chain’s expansion into the St. Louis market.

St. Louis, Mo. — IKEA plans to break ground on a three-level, 380,000-sq.-ft. building in midtown St. Louis this summer, according to Pace Properties, the broker selected by IKEA to help facilitate the chain’s expansion into the St. Louis market.

The site is a 21-acre redeveloped tract at the intersection of Forest park and Vendeventer avenues within the 240-acre CORTEX Life Science District in midtown St. Louis.

November 14, 2013

Ikea Canada announced it has purchased a 46 megawatt wind farm in Pincher Creek, Alberta.

Burlington, Ontario -- Ikea Canada announced it has purchased a 46 megawatt wind farm in Pincher Creek, Alberta. The 20-turbine wind farm will be the largest owned by a Canadian retailer and is expected to generate 161 gigawatt hours (GWh) each year, which is more than double the total energy consumption of Ikea Canada. The project is currently being constructed by global wind and solar company Mainstream Renewable Power and is expected to be fully operational in fall 2014.

November 13, 2013

Ikea announced solar energy is planned for its store under construction in Sweetwater, Fla., which is in the Miami-metro area.

Conshohocken, Pa. -- Ikea announced solar energy is planned for its store under construction in Sweetwater, Fla., which is in the Miami-metro area. Pending permits, installation of solar panels on the store’s roof will begin in several months, with completion by grand opening in summer 2014. Ikea contracted with REC Solar for the development, design and installation of the 416,000-sq.-ft. store’s customized solar power system.

November 7, 2013

Ikea plans to nearly double the solar array completed in April atop its Perryville, Md., distribution center, the state’s largest such solar energy system.

Conshocken, Pa. – Ikea plans to nearly double the solar array completed in April atop its Perryville, Md., distribution center, the state’s largest such solar energy system. Installation of the new panels will begin in November with completion expected in 2014.

October 3, 2013

Sustainability is a cornerstone of home furnishings retailer Ikea, its brand and its business plan, reflecting the company’s Swedish heritage.

September 19, 2013

Ikea announced the completion of North America's largest Ikea location, in Ville St. Laurent.

Burlington, Ontario -- Ikea announced the completion of North America's largest Ikea location, in Ville St. Laurent. Growing from 237,473 sq ft to 469,694 sq ft, the state-of-the-art Ikea Montreal will host a warehouse that is twice the size, doubling the amount of products available to take home at any time.

The new store will also offer customers 1407 parking spots, 600 seats in the restaurant, 48 cash lanes, 54 room settings and 2 full home settings.

August 14, 2013

Swedish retailer Ikea has bought a wind farm in Ireland to power its furniture stores in Dublin and Belfast, according to a report by the Belfast Telegraph.

New York -- Swedish retailer Ikea has bought a wind farm in Ireland to power its furniture stores in Dublin and Belfast, according to a report by the Belfast Telegraph.

The Irish facility’s four turbines are expected to generate 25,000 megawatt-hours (MWh) of electricity and bring the total number of Ikea-owned windmills to more than 100 in the U.K., Germany, France, Poland, Denmark and Sweden.

June 18, 2013

Ikea said it plans to increase the solar array atop its two-year-old Centennial, Colo. store, with panel installation slated to begin in July.

Conshohocken, Pa. -- Ikea said Tuesday it plans to increase the solar array atop its two-year-old Centennial, Colo. store, with panel installation slated to begin in July.

Completion of what is already Colorado’s largest single-use rooftop array on a commercial building is slated for this fall, and will elevate the project to the state’s largest rooftop array of any use.

January 30, 2013

Ikea officially plugged-in the solar energy system installed at its store in City of Sunrise, Fla.

Sunrise, Fla. -- Ikea on Wednesday officially plugged-in the solar energy system installed at its store in City of Sunrise, Fla. It is the largest solar installation in South Florida and, when combined with Ikea projects already completed atop stores in Orlando and Tampa, will make Ikea the state’s largest non-utility solar owner. 

January 21, 2013

A report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

Delhi, India -- A Monday report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

The Swedish furniture retailer was cleared by the Foreign Investment Promotion Board, according to a statement by Commerce Minister Anand Sharma. The approval is a turnaround for the Indian government which last year barred Ikea from operating cafes and limited retail wares it could sell in stores.

October 26, 2012

The Ikea Group plans to become energy and resource independent by 2020, according to the chain’s new “People & Planet Positive” sustainability initiative.

New York -- The Ikea Group plans to become energy and resource independent by 2020, according to the chain’s new “People & Planet Positive” sustainability initiative.

September 18, 2012

Ikea said that its CEO Mikael Ohlsson will step down effective Sept. 1, 2013, and will be succeeded by Peter Agnefjall, current country manager of Ikea Sweden.

Stockholm, Sweden -- Ikea said Monday that its CEO Mikael Ohlsson will step down effective Sept. 1, 2013, and will be succeeded by Peter Agnefjall, current country manager of Ikea Sweden.

To prepare Agnefjall for his new role, Ikea said that he will serve as VP of the company beginning in 2013 until his September transition.

September 12, 2012

The nation’s chain retailers lead the nation when it comes to commercial solar energy use, according to a report released by the Solar Energy Industries Association and Vote Solar Initiative advocacy group.

Orlando, Fla. -- The nation’s chain retailers lead the nation when it comes to commercial solar energy use, according to a report by the Solar Energy Industries Association and Vote Solar Initiative advocacy group.

August 23, 2012

Ikea said it is submitting plans for a Miami-Dade store in the City of Sweetwater, Fla., as the second South Florida Ikea store and fourth in the state.

Conshohocken, Pa. -- Ikea said Thursday it is submitting plans for a Miami-Dade store in the City of Sweetwater, Fla., as the second South Florida Ikea store and fourth in the state. 

According to the Swedish home furnishings retailer, construction could launch as early as spring 2013 on the new store, with an opening tentatively slated for fall 2014.

August 13, 2012

IKEA Canada announced Monday that its new catalog, debuting Aug. 13, has incorporated a host of interactive elements designed for smartphones and tablets.

Burlington, Ontario, Canada -- IKEA Canada announced Monday that its new catalog, debuting Aug. 13, has incorporated a host of interactive elements designed for smartphones and tablets.

When holding a smartphone or tablet over a page, users are able to access films about IKEA products, experience 3D models, look behind closed doors with an X-ray function or change curtains and get creative.

Users will access the bonus material by downloading the IKEA app to smartphones or tablets, or by visiting www.IKEA.ca.

July 17, 2012

Ikea has plugged in the new solar energy system installed at its Pittsburgh-area store in Robinson Township, Pa.

Pittsburgh -- Ikea has plugged in the new solar energy system installed at its Pittsburgh-area store in Robinson Township, Pa. The 86,800-sq.-ft. PV array consists of a 694-kW system, built with 2,884 panels. It will produce approximately 852,200 kWh of clean electricity annually, the equivalent of reducing 648 tons of carbon dioxide, eliminating the emissions of 115 cars or powering 73 homes yearly.

July 11, 2012

Ikea officially plugged-in the solar energy system installed atop its store in Woodbridge, Va.

Woodbridge, Va. -- Ikea officially plugged-in the solar energy system installed atop its store in Woodbridge, Va. The state’s largest such photovoltaic array, the 63,000-sq.-ft. PV installation consists of a 504-kW system, built with 2,100 panels.

The system will produce approximately 636,199 kWh of clean electricity annually, the equivalent of reducing 439 tons of carbon dioxide (CO2), eliminating the emissions of 86 cars or powering 55 homes yearly.

July 9, 2012

Ikea on Monday officially plugged-in the solar energy system installed at its store in Houston. The installation, when combined with Ikea solar projects atop stores in Frisco and Round Rock, will make the home furnishings retailer the state’s largest solar owner.

Houston -- Ikea on Monday officially plugged-in the solar energy system installed at its store in Houston. The installation, when combined with Ikea solar projects atop stores in Frisco and Round Rock, will make the home furnishings retailer the state’s largest solar owner.

June 28, 2012

Ikea said that it has officially plugged-in the solar energy system installed at its store in Orlando, Fla.

Orlando, Fla. -- Ikea said Wednesday that it has officially plugged-in the solar energy system installed at its store in Orlando, Fla.

The 120,900-sq.-ft. PV array consists of a 967-kW system, built with 4,115 panels. The retailer said the program will produce approximately 1,421,500 kWh of clean electricity annually, the equivalent of reducing 1,080 tons of carbon dioxide, eliminating the emissions of 192 cars or powering 122 homes yearly.

June 12, 2012

Ikea has announced plans to install solar energy panels on two distribution centers in the Eastern United States.

Conshohocken, Pa. -- Ikea has announced plans to install solar energy panels on two distribution centers in the Eastern United States. Installation will occur this summer on the chain’s center in Perryville, Md., and Westampton, N.J. Both projects will rank among the largest commercial rooftop solar installations in the United States, and their implementation will extend the Ikea solar presence to nearly 89% of its U.S. locations.

May 1, 2012

Ikea Canada announced that it is one of three pilot countries to bring store information via Android phones or iPhones.

Burlington, Ontario -- Ikea Canada announced Tuesday that it is one of three pilot countries to bring store information via Android phones or iPhones.

Effective May 2, the Ikea Mobile Shopping Application will enable customers to browse Ikea's product range, check product information and stock availability. The new application also allows the creation of shopping lists that include the product's location for pick up in the store. Customers can also access a store map on their phone to make navigating through the store easier.