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Retailers, Furniture Makers Tap Homeware to Compete with IKEA

Retailers, Furniture Makers Tap Homeware to Compete with IKEA

SEOUL, March 19 (Korea Bizwire) – South Korean retailers and furniture makers are turning to the homeware business, a nascent industry awakened by the local opening of Swedish furniture giant IKEA that promises big growth ahead as South Koreans begin to renovate and decorate their aging homes. Over the past year, a handful of homeware stores [...]

Arrival of IKEA: Boon or Bane for the Furniture Industry

Arrival of IKEA: Boon or Bane for the Furniture Industry

SEOUL, Korea, Mar 20 (Korea Bizwire) – Ahead of the opening of the first IKEA store in Korea at the end of this year, domestic furniture companies are busy devising ways to face the threat the Swedish behemoth poses. Some in the industry are optimistic that IKEA’s do-it-yourself, no-delivery business model would not be received [...]