Poll Question: Digital Retailing
The latest HBSDealer poll question dives into the digital deep end with a question about online buying and selling.
How would you describe your company’s digital-retailing strategy? Respondents are allowed up to three choices form a list that runs from “intelligent” to “confusing.”
The poll is available on the right side of the page (or scroll down your handheld device). Of course, comments are always welcome. Send yours to [email protected].
Ikea bringing new format to NYC
Ikea will open its first U.S. city-focused location in Manhattan.
Ikea is finally dropping anchor in the Big Apple — but not with its typical format.
Ikea will open its first-ever city-focused location in the United States next spring, in Manhattan. The store, called Ikea Planning Studio, will feature smart solutions for urban living and small spaces. It is designed to give customers the opportunity to discover, select and order Ikea products for delivery to their home.
Ikea opened its first store under the Planning Studio banner in October, in London. The shop, which specializes in kitchens and bedroom furniture, displays just a tiny portion of Ikea’s range of goods, all of which can be ordered online. It offers shoppers one-on-one advice with store staff. Nothing is available for take home the same day.
The new, scaled-down format reflects Ikea’s ongoing transformation and commitment to urban areas as it looks to be more accessible and convenient for all customers, regardless of where they live. The company recently announced plans to develop 30 locations in city centers during the next three years.
“We recognize that we are in a rapidly changing retail environment, and to be fit for long-term growth, Ikea is transforming in a way that lets us meet our customers where they are,” said Lars Petersson, country manager, Ikea retail U.S. “New York City is the natural choice to open the first city center store – the most vibrant, dynamic city in the US, and the epicenter of retail, business, and culture.”
The Manhattan store will open as Ikea U.S. has been making significant investments to enhance its e-commerce experience and service offerings, including click & collect, financing and TaskRabbit furniture assembly services. Also, in January 2018, Ikea began rolling out a new, lower-priced shipping and delivery option starting at $29. Customers can purchase all that they want – the charge is the same regardless of weight and size.
Home builders salute President Bush
NAHB says President George H. W. Bush was a “believer in housing.”
Following the passing of the 41st President of the United States, George H. W. Bush, the National Association of Home Builders Chairman Randy Noel issued the following statement:
“On behalf of all the members of NAHB, I wish to extend my deepest condolences to the Bush family. President Bush was an American war hero, a great statesman and an American patriot who embodied the ideals of our nation.
“He was also a true believer in housing. President Bush hosted the NAHB Board of Directors on the South Lawn of the White House to commemorate the association’s 50th anniversary. He said that ‘strong housing can help a strong economy’ and ‘the dream of homeownership keeps the American dream alive.’
“To make these words a reality, President Bush pushed vigorously for policies to ensure that housing would help boost the economy. He championed a $5,000 tax credit for first-time home buyers, called for penalty-free withdrawals from IRAs for the purchase of a first home, urged changes in the passive loss tax rules to spur real estate and housing development, and called for an extension of mortgage revenue bonds and the low-income housing tax credit.
“President Bush summed up the importance of a strong housing industry to America when he said: ‘The old adage is coming true: As housing goes, so goes the economy. Owning a home helps America, makes it better, and more caring.’
“The nation’s home builders salute his legacy of a lifetime of service to America.”