Content about Sweden

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.

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.

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.

December 18, 2013

Starwood Capital Group has acquired seven retail parks and shopping gallerias in Sweden for SEK 3.9 billion, according to CBRE, Starwood’s adviser on the transaction.

November 14, 2013

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

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.

September 19, 2013

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

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.

May 16, 2013

Starcounter announced that its high performance in-memory NoSQL database powers the supply chain management application utilized by Gekas, a superstore in Sweden visited by 4.5 million customers each year.

May 8, 2013

Ikea has officially plugged-in the solar energy system installed at its store in Stoughton, Mass.

April 16, 2013

Ikea said Tuesday it has plugged-in the solar energy system installed at its distribution center in Perryville, Md.

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.

November 15, 2012

Ikea announced it is submitting plans to the City of Burbank, Calif., for a new and larger store to replace its current location among the Swedish retailer’s presence in the Los Angeles area.

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.

September 27, 2012

Swedish fast-fashion retailer Hennes & Mauritz AB reported that net income for the quarter ended Aug. 31 edged up less than 1% to $550 million, missing analysts’ expectations of $618 million in profit.

September 27, 2012

Swedish fast-fashion retailer Hennes & Mauritz AB reported that net income for the quarter ended Aug. 31 edged up less than 1% to $550 million, missing analysts’ expectations of $618 million in profit.

September 24, 2012

Ikea has officially plugged in its largest U.S. rooftop solar installation to date, at its store in Round Rock, Texas.

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.

April 30, 2012

Wrapp, a new online gift service from Sweden, has launched in the United States, partnering with such retailers as Gap, H&M and Sephora to let consumers send free virtual gift cards to friends on Facebook.

January 26, 2012

Swedish fast-fashion retailer Hennes & Mauritz reported that net profit for the fourth quarter dipped to $997.2 million from $1.1 billion in the year earlier period.

September 29, 2011

Hennes & Mauritz AB reported Thursday that profit for the third quarter fell 15% to $533 million, from nearly $621 million in the year-ago period.

September 29, 2011

Hennes & Mauritz AB reported Thursday that profit for the third quarter fell 15% to $533 million, from nearly $621 million in the year-ago period.

June 22, 2011

Hennes & Mauritz AB reported Wednesday that net income for its second quarter dropped 18% to $673 million, from $817 million in the year-ago period.

January 20, 2011

Amazon.com said Thursday it is buying Lovefilm, a European movie rental service akin to Netflix, according to a report by the Associated Press.