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IKEA: Coronavirus (COVID-19) Company impact

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    Company Profile

  • 20 Pages
  • April 2020
  • GlobalData
  • ID: 5026815

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.

  • 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.

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

List of Tables
  • IKEA’s exposure: impact in locked-down countries

List of Figures
  • Spread of COVID-19- confirmed cases, number in treatment, recoveries and deaths.
  • Countries/ regions affected by COVID-19
  • Spread of IKEA group sales and stores in 2019
  • COVID-19 global impact score for IKEA versus competitors
  • IKEA global revenue and year on year growth 2015-2020

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • IKEA
  • Walmart
  • Amazon
  • Home Depot
  • Leroy Merlin (Adeo Groupe)
  • Menards
  • Lowe's
  • Ace Hardware
  • Target
  • Sherwin Williams