STOCKHOLM, Sept 13- IKEA Group reported record annual sales on Tuesday, including a 30 percent leap in online revenues after the Swedish budget furniture retailer belatedly embraced e-commerce. IKEA Group, which owns most IKEA stores worldwide, said sales in the 12 months through August rose 7 percent from the year before to 34.2 billion euros.
CHICAGO, Sept 8- The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers. United Parcel Service Inc said on Thursday it is seeing a bump in demand for its freight services and is working with...
*Deal cuts Steinhoff exposure to South Africa, jacks up debt. JOHANNESBURG, Sept 7- As the winner of several big horse races in South Africa, Variety Club's local dominance was never in doubt. Now, aiming to replace IKEA as the world's biggest furniture retailer, Jooste is venturing into the United States with the $3.8 billion acquisition last month of Houston- based...
JOHANNESBURG, Aug 31- South African furniture retailer Steinhoff saw full-year revenue rise by a third as the company, which is buying the United States' Mattress Firm and Britain's Poundland, said its European business had performed strongly. The $25 billion company, which sells low-priced beds and cupboards in Europe, southern Africa and Asia, said revenue...
A new report forecasts home remodeling this year will top records set during the housing boom. CNBC's Brian Sullivan discusses. Robert Wetenhall, RBC Capital Markets Homebuilding and Building Products analyst, and Todd Tomalak, John Burns Consulting VP, weigh in.
The deal would create the biggest mattress retail distribution company in the world.
Steinhoff International will buy Mattress Firm Holding, the largest specialty bedding retailer in the U.S. for $3.8 billion.
At Home failed to sustain a big IPO pop in trade on Thursday.
IKEA will recall its Malm dressers in China, the consumer watchdog said, just days after the Swedish company was accused of "double standards."
IKEA is recalling almost 36 million chests and dressers in the U.S. and Canada that have been linked to the deaths of six children.
ALMHULT, Sweden, June 8- Furniture retailer IKEA Group expects to grow sales about 8-10 percent in its current financial year, leaving it on track to reach its target of hitting 50 billion euros in 2020, its top executive said. In China, a key growth market for IKEA, the company was little affected by a wider economic slowdown, he added. "There has been talk for three...
PARIS, April 27- French retailer Fnac is set to clinch a takeover deal for electronics chain Darty after rival bidder Steinhoff effectively dropped out of the race on Wednesday. South African furniture retailer Steinhoff said it would not raise its latest 160 pence a share offer for Darty because that would "no longer create sufficient value for its...
The ready-to-assemble furniture company plans on transferring some of its ownership.
CNBC's Courtney Reagan previews Restoration Hardware's earnings report.
The flooring retailer posts a bigger than expected decline in fourth quarter sales.
Shares of Restoration Hardware plummeted after-hours Wednesday after it announced preliminary earnings results well below estimates.
Discussing the retail sector and earnings reports from big names in the sector with Oliver Chen, senior retail analyst at Cowen.
Amazon.com is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages.
The home improvement retailer plans to acquire Rona to enter the Canadian province.
Tax officials have launched a crackdown on VAT evasion by overseas online retailers, the Financial Times reports.