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THE ONLY Ikea store in Ireland, based at Ballymun in Dublin, is amongst the best performing stores across the furniture giant’s global network, attracting 3.6 million shoppers last year.
Confirming our love affair with all things Ikea, the Swedish-owned firm confirmed yesterday that the Ballymun store was ranked 9th in terms of sales across the 355-strong store network spread across 29 countries last year.
It is the first time that Ikea has disclosed the Ballymun store’s ranking in the global group – last year global sales by Ikea totalled €34.1 billion.
A spokeswoman for Ikea Ireland said that other stores in the top nine are based in Moscow, New York, London and Seoul.
In the 12 months to the end of August last, sales at Ikea Ireland comprising of its store in Ballymun and its order-and-collection point at Carrickmines jumped by 10% to €166.7 million – or €3.2 million a week.
Underlining the strong sales performance at the Ballymun store, the spokeswoman said that the Ballymun outlet’s home decoration department was ranked number two across the IKEA group in terms of sales last year, while the the Ballymun lighting department was ranked number three in terms of sales.
The 3.6 million visitors to the Ballymun store in 2017 represents a 36% increase on the three million visitors who went through the doors of the Ballymun store in 2016.
In addition, a further 400,000 shoppers passed through Ikea’s order and collection point at Carrickmines in 2017.
Growth
The biggest area of sales growth at the Ballymun outlet was bedroom furniture which enjoyed sales growth of 14%.
The spokeswoman said: “Aside from the Frakta carrier bag, the most popular product based on volume of sales is the Oftast plate.”
The biggest seller based on euro sales is the Kallax shelving unit, which retails at €49.
“Irish customers’ favourite time to visit Ikea is at the weekend, where the highest daily footfall is recorded in stores,” she added.
Market manager for Ikea Ireland, Claudia Marshall, said: “We are proud to achieve another year of successful growth in Ireland and hold our position as the leader in Ireland’s home furnishings market. This is a testament to our hard-working co-workers and our ambition to give our customers the best experience possible.”
The opening of our order-and-collection point in Carrickmines along with investments in lowering delivery prices and product prices highlights our commitment to making Ikea more accessible to Irish consumers.
Last year, 42 new jobs were created across a number of the flatpack giant’s functions, including sales, logistics and customer relations.
Ikea Ireland had a total of 705 employees in 2017, with the gender split across the company standing at 53% female and 47% male.
On expansion here, the spokeswoman said: “Ikea is committed to growing and investing in Ireland. We are always looking for opportunities and are investigating the potential for a second store in the market, specifically in Cork. However, we have no confirmed plans for the development of an Ikea store at the moment.”
I don’t understand are people..offended they left in 2009 or something? Do you think they’re here because they like you? They’re here because they can make money, they’re here because were a tax launderette, and the second someone is 50cent an hour cheaper they’ll be going with them. Never forget that, they’re here for money – no other reason.
It’s not because they’re immoral, corporations are not immoral, they’re a-moral, they don’t have morality or immorality their job is to make profit and shareholder value – not to give you jobs, the giving you jobs is incidental. We need to understand this if were to have a smart FDI strategy.
This is something that people here dont understand, Ryan.
They feel they are owed a living. Life owes you nothing, and life surely aint fair.!
That why workers and unions should be driving productivity and not just wages and costs. Where did the printing, baking and Aer Lingus unions end up?
The Irish state could provide employment and a decent standard of living for all of it’s citizens if it was run in the interests of the majority and not largely on behalf of a domestic and international capitalist elite. Corporations like Dell form part of that elite.
The macro economy is fundamentally about the production and distribution of real resources (goods & services). Money is a key mechanism in both production and allocation phases in that money is required to begin the production process and money is required by households/firms etc to access the output of production. Money is not a scare resource. It’s created at will by the public and private institutions that are authorized to do so, central banks like the ECB and commercial banks respectively.
There can never by definition be a shortage of a fiat currency like the Euro. So if the EU/ECB chose to, they could simple keystroke the necessary money into existence to hire all the idle labour resources in the Eurozone to maximize the productive output of real goods and services and drive up living standards for everyone.
This would meet the twin objectives of creating real output for consumption and distributing it to the people who need it via their wages which are then used to buy those real goods and services.
There is no lack of any of the real resources (e.g. energy, food, material to build housing etc) to meet the human needs of the citizens of the Europe or anywhere in the developed world. Neither can there ever be a shortage of money at a macro level. So all the ingredients are present to solve the economic and social crisis in Europe and elsewhere.
Therefore it in inarguable that austerity and deprivation is a policy choice at national government and EU level. This policy choice serves the interest of capital as more and more of the world’s resources accumulate to the 1% at the expense of the majority.
@Waddler
Print enough money to give everyone a job? Like they do in Zimbabwe?
Waddler, I often wonder in what world the people like yourself who express views like this live. As a business owner for 35 years I don’t recognise anything you describe. The world I live in involves paying back loans, balancing the books and making a profit so that you can pay yourself and expand the business. You continue to waffle on about keystrokes to create money. People counter this bulls**t and you still waffle on. You don’t appear to understand the concept of value and the role of confidence and ROI in the world of finance. If this works you must be a hugely successful financier. Any change of a loan of a few grand that won’t have to be paid back?
I suspect you are more like a teaser in a stud farm.
Dermot,
The hyperventilating neo liberals often point to the hyperinflation horrors of Zimbabwe and Weimar Germany as a warning to those who would even consider “printing money”.
Those hyperinflation episodes were the result of large foreign currency debt obligations and limited productive capacity. Neither of these factors apply to the modern day EU which has the monopoly fiat currency issuer in the ECB and is an economic entity with massive productive capacity lying idle.
There is no simple linear relationship between the money supply and domestic price rises (inflation). The point at which inflation rises depends on the availability of real resources (goods & services) versus the actual demand for purchase.
In other words, the creation of new money is not in itself inflationary if there is sufficient real wealth (goods & services) to buy with that new money. This is especially true if the new money is directed to the productive sectors of the economy for example through infrastructural improvement which leads to GDP growth and so more availability of real resources to purchase.
The modern economy is characterized by an excess of production so there are rarely any shortages of goods & service available for purchase and so significant general inflation is not a concern. We are in fact facing deflation due to the fall in aggregate demand through 7 years of austerity in Eurozone.
Fvck it Waddler, I want you in charge, don’t mind these neo liberals, you have all the answers.
Liam,
Money is created at will every time a sovereign currency state issuing spends. The money is then later removed from the economy via taxation.
The corollary in the private sector is commercial bank lending which creates new money every time a loan is issued. The money is then extinguished/uncreated as the loan is paid back.
You can ignore these facts and wallow in your economic illiteracy or you can believe the Bank of England when they explain:
“By far the largest role in creating broad money is played by the banking sector…
when banks make loans they create additional deposits for those that have borrowed.”
Bank of England (2007)
http://www.neweconomics.org/publications/entry/where-does-money-come-from
Read the link and inform yourself like a good lad.
@Waddler Mooney, “The Irish state could provide employment and a decent standard of living for all of it’s citizens if it was run in the interests of the majority and not largely on behalf of a domestic and international capitalist elite. Corporations like Dell form part of that elite.” Absolute balderdash, typical lunatic left comment.
Ryan is correct in his first assessment that corporations primary concern is wealth, regardless of the consequences it has on society.
He’s incorrect however that they’re not immoral, the behaviour of corporations over the last few decades is fundamentally contrary to human morality. In America for instance we essentially have an oligarchy (study below) where corporate power has grown to the extent they now have extraordinary leverage over public policy. And they’ve been influencing policies which are detrimental to society as a whole to rapaciously accrue obscene amounts of wealth. The economic systems in both Europe and America are designed primarily for the wealthy; this antithetical to a democracy. Economies should be oriented towards social and communal benefits with education being prioritised opposed to careerism.
As for Steve’s point, the vast majority of wealth lies in the hands of a small minority, they certainly have not ‘earned it’ fairly, but through exploiting people and an odious system. The world would collapse without the workers, they are what keeps society going, not the wealthy.
Thanks again to Waddler for his contributions.
Eistein wrote a great essay on the perils of capitalism. I implore you all to read:
Haaaaaaaahaaaa
Wattler references a link. No problem with the link. It’s his conclusion that’s idiotic. It’s a 2+2=22 conclusion. Wouldn’t get marks for effort in junior cert economics.
Hope they haven’t heard about Ruth Coppingers plans to nationalise them.
Great to have you back Sergeant. We thought you and your buddies had gone on holidays because you were nowhere to be seen on the Denis O Brien , Siteserv, and IBRC related articles.
Good news for the region Didn’t Dell relocte the jobs from Poland to Asia in 2012.
No. The factory in Poland is still operating at the same level as it was in 2009.
Am I correct in saying that the factory in Poland was sold to a contractor.
As a person whose v familiar with Poland, the best poles travel and work hard
Hurrah, Hurrah, Hurrah – dat’s great boss. I, for one, will never – and I mean NEVER – buy a Dell product again because of what they did to a loyal work force in this country. Things didn’t pan out in Poland, and now they’re back. Ah, tanks lads, tanks verrah much.
Ireland couldn’t possibly be a competitive manufacturing location for building computers/laptops, even since well before 2009. Dell are not a Government organisation so if they are not competitive they will be eaten up by HP, Lenovo and several others who assemble their products in the cheapest labour locations.
Sheik Yahbouti, Loyal workforce?, half the people working in Dell hated the place, I know, I worked there, the vast majority of jobs lost in Dell in 2009 were low skill, repetitive mind numbing, “monkey see”, “monkey do” assembly line jobs, we retained the high skill jobs, and the jobs announced are in the that area.
There all high end engineering jobs
Not normal jobs for unqaulified line workers.
Lots of engineers in Ireland don’t have a job. This is great news for them.
Time to get qualified so.
Sorry turnip I am an entire engineer and actually any moron who studies it without realising it’s a boom bust job….needs to do something else….part of engineering is travelling and working around the world following booms….if I wanted boredom I’d have joined the local authority, HSE or civil service…..
Photos of Enda upset my stomach
Yawn……
You won’t see a minister with a scissors in his hand for this one
That pic of edna is like a caricature of what the world thinks all irish are like. He lets the country down in so many ways as our leader
I don’t care for imagine, more so the work he/she gets done
Image*
Obviously getting some sort of tax incentive
Well, of course! 12.5% corporation tax!
Even less in Holland and Luxembourg.
It will enable them to pay little or no tax here, all “research and development” can be written off against tax liabilities
LOL – The above photo looks like Enda is signalling that noonan is a tosser, especially when you see his head inclined towards him, either that or he is milking an invisible cow.
When will they make these new employees redundant ? You cant trust multi nationals.
There is no “job-for-life” anymore, it’s down to the worker to remain competitive and highly skilled , that’s usually enough to keep you emplyoed long-term.
Eh the civil service ?
One of the more glass is half empty comments I’ve read in a while
@gus – you’re right – lets go back to isolationism and shun all those who would bring employment to these shores. Or better still lets put the AAA in power and they can run all these companies for us – while we then work for the government rather than the companies.. i mean what could possibly go wrong.
Even the civil service is not a job for life anymore thank god
Spot on Anto sorry deco
Big deal. Dell are making people redundant constantly. 5 or 6 get a tap on the shoulder every month. It’s done like this so people don’t realise that they’re letting 60-70 people go every year. This 100 won’t even make up for the people let go in the last 2 years, never mind the number since 2009.
Dell off loaded its factory in Poland to Taiwanese giant Foxconn, less than a year after it pulled out of Ireland. Dell received €54 million from the EU to relocate to Poland. Foxconn make computer parts for Dell. Average monthly earnings at the company is €540. Dell have pulled out of Poland but outsourced the work to Foxconn and they get to keep the €54 million the EU gave them. What a Scam.
Foxconn pulled out of that deal in 2011. Dell still owns and runs the facility. http://evertiq.com/news/19803
That Foxconn deal never happened – Dell still operate the factory in Poland
You can’t blame the company for relocating. The Polish government gave them €54 million to relocate and the monthly salaries they pay in Poland is less than what they paid weekly in Ireland.
They be Yankee accountants
Good news at last for Limerick jobs
Would you look at the head on Inda telling the boys the aul story about the time he was driving the tractor in mayo and he seen a lovely sheep in the field and he stopped the tractor, jumped down and shagged that sheep sideways
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