IKEA: Coronavirus (COVID-19) Company impact
Table of Contents
Executive Summary
IKEA's exposure to COVID-19
IKEA's operational responses to COVID-19
Key findings
Key conclusions
Geographic spread analysis - COVID 19 vs IKEA Group Sales
Global & regional impact
COVID-19 global impact score for IKEA versus competitors
Revised 2020 revenue forecast
"IKEA’s exposure: impact in locked-down countries"
Company reaction
Charitable donations
Operational changes
Staff wellbeing
Appendix
Methodology
IKEA: Coronavirus (COVID-19) Company impact
Summary
The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact IKEA's performance.
The non-essential nature of IKEA’s business and its low online penetration mean the pandemic will have a significant impact on its 2020 sales.
IKEA’s reaction to the crisis will boost brand image, and this will benefit it in the long term.
Scope
- IKEA will be heavily impacted by physical store closures in key markets including Germany, the US, France and the UK.
- Global competitors have an advantage over IKEA; Walmart and Amazon have a far broader product range to lean on.
Reasons to Buy
- Use our revised 2020 forecast for IKEA to understand how it will perform this year.
- Use our charts to review how IKEA's sales are split by region globally and how these regions have been impacted by COVID-19.
- Use our in-depth analysis to review how IKEA has responded to COVID-19 and how this will affect its performance.