Alliance Data Systems Corporation to provide branded credit card services in the United States for IKEA Group

  • New credit program to support the rapid growth of IKEA in the U.S. 
  • Seamless application in stores and online will enable customers to begin enjoying benefits of the loyalty-driven card
  • Alliance Data’s proprietary data assets will deliver custom analytics and insights to drive top-line sales and increase visits online and in-store

PLANO, TX, 2018-Jan-10 — /EPR Retail News/ — Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today (Jan. 9, 2018) announced its Columbus, Ohio-based card services business, a premier provider of branded private label, co-brand and business credit card programs, has signed a new agreement to provide branded credit card services in the United States for IKEA Group (www.ikea.com), the world’s largest furniture retailer. The IKEA Group operates 47 stores in the U.S. and a total of 362 in 29 countries around the world. IKEA aims to offer consumers home furnishing solutions of good design and function at affordable prices.

Alliance Data will create a loyalty-driven credit card program that combines customer insights and industry benchmarking to develop a customized rewards and benefits package tailored for the unique IKEA customer base. The co-branded rewards card can be used for both IKEA purchases and for everyday spending needs such as gas, groceries and utilities. The card will incorporate custom program perks designed to recognize customers for their loyalty. In order to make the card as affordable and rewarding as possible, IKEA Group in the U.S. has designed the card without an annual fee, and will reinvest resources from the card to offer customers more generous rewards. Alliance Data will leverage its digital and mobile expertise throughout the customer’s shopping journey, including its Frictionless Mobile CreditSM, which provides a seamless application experience–throughout the store or online–and puts customers in control of how and where they want to initiate the experience.

In addition, the new IKEA Projekt Card in the U.S. will function as a store-branded financing solution for qualified customers doing major home decorating and renovation projects, such as a dream kitchen. It will provide special financing options, allowing customers to pay for larger purchases over time.

“Making life better and easier for the many people drives everything we do at IKEA, and we were looking for a like-minded credit marketing partner that is passionate about the same values,” said Jacqueline DeChamps, chief operating officer at IKEA U.S. “Alliance Data really understands our company and will deliver meaningful credit and loyalty programs, while constantly innovating based on our customer needs. Leveraging Alliance Data’s skillset in loyalty and marketing, we are excited about how this new partnership will enhance our customers’ shopping experience across channels with added convenience and benefits.”

“Alliance Data and IKEA share a common culture focused on doing what is right for customers, the community, and the environment,” said Melisa Miller, president of Alliance Data’s card services business. “We are thrilled to embark on this exciting new partnership to provide an unparalleled customer experience through our credit programs. We are confident that our lifecycle marketing approach will attract existing and new IKEA customers as lifelong cardmembers, motivated by a credit and loyalty experience that reflects the deliberately different approach that has earned IKEA its leadership position in the industry.”

IKEA U.S. utilized the services of the International Law Firm of Alston & Bird to consummate the transaction.

About IKEA
Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices. The IKEA Group operates 362 IKEA stores in 29 countries, including 47 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

About Alliance Data’s card services business
Alliance Data’s card services business is a leading provider of tailored marketing and loyalty solutions, delivered through branded credit programs that drive more profitable relationships between our brand partners and their cardmembers. We offer private label, co-brand, and business card products to many of the world’s most recognizable brands across a multitude of channels.

We uphold our Know more. Sell more.® promise by leveraging unmatched customer insights, advanced analytics, and broad-reaching innovative capabilities. It’s how we deliver increased sales to our partners, build enduring loyalty to their brands, and provide more value to our cardmembers. Alliance Data’s card services business is a proud part of the Alliance Data enterprise. To learn more, visit www.KnowMoreSellMore.com or follow us on Twitter @Know_SellMore.

About Alliance Data
Alliance Data® (NYSE: ADS) is a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries. The Company creates and deploys customized solutions, enhancing the critical customer marketing experience; the result is measurably changing consumer behavior while driving business growth and profitability for some of today’s most recognizable brands. Alliance Data helps its clients create and increase customer loyalty through solutions that engage millions of customers each day across multiple touch points using traditional, digital, mobile and emerging technologies. An S&P 500 and Fortune 500 company headquartered in Plano, Texas, Alliance Data consists of three businesses that together employ more than 17,000 associates at approximately 100 locations worldwide.

Alliance Data’s card services business is a leading provider of marketing-driven branded credit card programs. Epsilon® is a leading provider of multichannel, data-driven technologies and marketing services, and also includes Conversant®, a leader in personalized digital marketing. LoyaltyOne® owns and operates the AIR MILES® Reward Program, Canada’s premier coalition loyalty program, and Netherlands-based BrandLoyalty, a global provider of tailor-made loyalty programs for grocers.

Investor information about Alliance Data’s businesses may be found here.

Follow Alliance Data on Twitter, Facebook, LinkedIn and YouTube.

Forward Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan,” “likely,” “may,” “should” or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements.

We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. These risks and uncertainties include, but are not limited to, factors set forth in the Risk Factors section in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K.

Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

Contact:
Latisha Bracy
(610) 834-0180, x5615

Source: IKEA

IKEA Group allocates $113 million into the retirement funds of 123,000 co-workers

Conshohocken, 2017-Dec-13 — /EPR Retail News/ — IKEA Group co-workers around the globe will receive a special thanks from the company as part of the IKEA Tack! retirement fund. IKEA recently announced that Tack!, which means ‘thank you’ in Swedish, will allocate $113 million* total into the retirement funds of 123,000 IKEA co-workers throughout its corporate, retail and distribution centers. For U.S. co-workers, each will receive $1,403 into their Tack! retirement fund.

“At IKEA, no matter where you work in our organization you are contributing to our success and continued growth. We believe it’s important to recognize our co-workers for their hard work and loyalty and celebrate our successes together,” said Lars Petersson, IKEA U.S. President. “Our contribution to each co-worker’s Tack! retirement fund is just one way we can show our gratitude and demonstrate our commitment to being a great place to work.”

The global funding is divided between all IKEA Group countries, based on each country’s proportion of the total salary and wages. Every co-worker gets the same amount regardless of position or salary, and part-time co-workers are rewarded in proportion to their hours worked. Tack! was introduced in 2013 and since then the IKEA Group has paid out $600 (€509) million globally.

IKEA U.S. has been recognized as an employer-of-choice for its outstanding co-worker benefits including parental leave policy and minimum wage structure. The company has recently received these awards: FORTUNE 2017, Best Companies to Work For; FORTUNE 2017, 50 Best Workplaces for Diversity; Glassdoor 2017 Best Places to Work; 2017 PEOPLE Companies that Care; Fatherly: The 50 Best Places to Work for New Dads in 2017; and three Glassdoor 2017 Awards: Best Places to Work, Highest Rated CEOs, Best Places to Interview.

About IKEA 
Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 392 IKEA stores in 48 countries, including 46 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

*€96 million euro = $113 million U.S. dollars at a conversion of $1.18 to one euro ** The global funding is divided between all IKEA Group countries, based on each country’s proportion of the total salary and wages. The payout is dependent on the total results of IKEA Group during the previous financial year.

Contact:
IKEA U.S. Press Office
press.us@ikea.com
1-866-329-4532

Source: IKEA Group

IKEA Group announces total sales increased by 7.9% in FY2016

CONSHOHOCKEN, PA, 2016-Sep-15 — /EPR Retail News/ — For FY2016, IKEA Group total sales amounted to $37.6 billion (EUR 34.2 billion). Total sales translated into Euro increased by 7.1%. Adjusted for currency impact, total sales increased by +7.9%. Sales in comparable stores grew by 4.8%.

“IKEA Group had another good year and welcomed 783 million visits to our stores. In all of our meetings with the customers, we want to provide good quality products and inspiration for creating beautiful homes. Last year’s focus on the theme “It starts with the Food”, covering kitchen, cooking, eating, and the food-business, was a strong success and appreciated by the customers”, says Peter Agnefjäll, President and CEO of IKEA Group.

China remains one of the fastest growing markets for IKEA Group, together with Australia, Canada and Poland. Germany, retained its position as the largest market, closely followed by the US, and showed another year of record growth. Expansion also continued at pace and plans are on track to open the first stores in India and Serbia during the coming year.

On a journey to become the world’s leading multichannel home furnishing retailer, IKEA Group is increasing its focus on integrating physical and digital commerce to enable customers to shop in ways that suits their needs. In addition, IKEA Group opened 12 new stores, and 19 Pick up and Order points during the last year, an effort that will be supported by developments of a flexible distribution network, ensuring accessibility and convenience for customers.

IKEA Group continues to work towards having a positive impact on people and the planet by motivating customers and co-workers to lead a more sustainable life at home. In FY16, a 15% growth in LED bulbs sold is in line with the ambition to, until the end of 2020, sell over 500 million LED bulbs to IKEA customers. Switching to LED light bulbs will save money as well as energy as they can last up to 20 years, and use up to 85% less energy than traditional incandescent bulbs.

“In the coming year we will put even more effort in providing a great IKEA-experience for visitors across all channels. These efforts are only made possible by the engaged co-workers who have, as always, done an amazing job during the year”, concludes Peter Agnefjäll.

The IKEA Group Yearly Summary, which gives a full account of the performance for the year, as well as the IKEA Group Sustainability Report, will be published in December 2016. FY16 = Financial year 2016 encompasses the period between September 1, 2015 to August 31, 2016.

For further information, please contact:
Martina Smedberg
IKEA Group Media Relations
+46-709936376
ikea.pr@ikea.com

Mona Liss
IKEA US Corporate PR
Mona.Liss@IKEA.com

Source: IKEA

IKEA Group announces 11.2% sales increase for the financial year 2015

FY 2015: The IKEA Group sales are up 11.2% – allowing for continued investments in sustainability and business development

Conshohocken, PA, 2015-12-14 — /EPR Retail News/ — The IKEA Group net income amounted to $3.9 billion (€ 3.5 billion)* for the financial year 2015**. Total sales increased by 11.2% from last year to $35.7 billion (€ 31.9 billion). Together with the rental income from the shopping center business, total revenue amounted to $36.6 billion (€ 32.7 billion) (+11.5%). Major investments were made to tackle climate change, such as the shift to 100% LED in the IKEA lighting range.

“We have a great year behind us and have invested considerably in sustainability, in creating a better offer as well as being more accessible,” says President and CEO Peter Agnefjäll as the IKEA Group launches its Yearly Summary and Sustainability report for 2015.

IKEA U.S. FY15 sales were $5 billion, sharing the top spot with Germany. IKEA U.S. saw continued growth in FY15 with comparable store sales increase by 4.5 percent and total sales – including ecommerce – increased by 8.6 percent outperforming both retail and home furnishing sectors.

Most of the global IKEA growth came from comparable stores, although new stores and online expansion contributed substantially to the result. While the growth is well-distributed across most markets, Germany shows record growth and also Southern Europe is seeing a positive development. North America continues to do well, and the newest IKEA market, South Korea, performs above expectations.

The growth enables IKEA Group to continue to strengthen its core business, in existing IKEA stores, and also in new ways of meeting the customers online, through new store formats, and at pick-up and order points. Continued investments will also be made in renewable energy and in products for a sustainable life at home.

“Action on climate change is both a driver for innovation and an opportunity to make our business even better, by for instance enabling our customers to live a more sustainable life at home,” continues Peter Agnefjäll. “In the past year, I’m particularly proud that we sold more than 90 million LED bulbs and lamps, not only enabling millions of households to cut on their energy bills, but also bringing significant energy savings,” says CEO Peter Agnefjäll.

IKEA Group continues to share its good result with co-workers. During FY15, $117.6 million (€ 105 million) were set aside to the loyalty program Tack! as a token of appreciation for all co-workers. Since it was introduced two years ago, a total of $341.6 million (€ 305 million) has been allocated.

*. Dollar to Euro calculated at $1.12, August 31, 2015.
**. FY15 = Financial year 2015 period is September 1, 2014 – August 31, 2015.

For further information, please contact:
Mona Astra Liss, US Corporate PR Director, Mona.Liss@IKEA.com,
610.834.0180, ext. 5852
Martina Smedberg, Media relations IKEA Group,
Martina.Smedberg@IKEA.com
+46 42 444 77 76

About IKEA Group
The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. There are currently 330 IKEA Group stores in 28 countries. Additionally, there are 40 IKEA stores run by franchises. There are 41 IKEA stores in the U.S. In FY 15, IKEA Group had 771 million visitors to the stores and 1.9 billion visitors to IKEA.com. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information, please visit www.IKEA.com, facebook.com/IKEAUSA, @IKEAUSANews, @IKEAUSA, http://pinterest.com/IKEAUSA/, www.youtube.com/IKEAUSA, www.theshare-space.com, www.theshare-space.com/en/Blog

SOURCE: Inter IKEA Systems B.V.

IKEA Group and IKEA Foundation commit EUR 1 billion to accelerate the transition to a low-carbon economy and to support the communities most at risk

Conshohocken, PA, 2015-6-8 — /EPR Retail News/ — In this critical year for climate action, IKEA Group and IKEA Foundation are making bold new commitments to accelerate the transition to a low-carbon economy and to support the communities most at risk. Announced today, the EUR 1 billion total is made up of an IKEA Group commitment of EUR 600 million for investment in renewable energy and a EUR 400 million IKEA Foundation funding commitment to support communities most impacted by climate change. The announcements coincide with a key meeting in Bonn, where governments are preparing a global climate agreement to be negotiated at the COP21 meeting in Paris in December.

IKEA Group – The EUR 600 million commitment to renewable energy, announced today by the IKEA Group, builds on the EUR 1.5 billion invested in wind and solar since 2009. The company is on track to become energy independent, producing as much renewable energy as it consumes in its buildings, and has already committed to own and operate 314 offsite wind turbines and installed 700,000 solar panels on its buildings. The majority of the new commitment (EUR500 million) will be invested in wind energy and around EUR 100 million is expected to be invested in solar up to 2020.

“Climate change is one of the world’s biggest challenges and we need bold commitments and action to find a solution. That’s why we are going all in to transform our business, to ensure that it is fit for the future and we can have a positive impact. This includes going 100% for renewable energy, by investing in wind and solar, and converting all our lighting products to affordable LED bulbs, helping many millions of households to live a more sustainable life at home.” Peter Agnefjäll, President and CEO, IKEA Group.

IKEA Foundation – Building on many years of supporting children and families in some of the world’s poorest communities, the IKEA Foundation also announced its own commitment of EUR 400 million through 2020 to support families and communities who are most impacted by climate change.

The IKEA Foundation funds programmes to create long term opportunities for children living in some of the world’s poorest communities. In 2014, the IKEA Foundation contributed €104 million to more than forty partner organizations running programmes to benefit children in 46 countries. Since 2009, programmes funded by the IKEA Foundation have helped more than 178 million children worldwide. The new funding will help poor communities build resilience to climate change and improve lives by adopting renewable energy technologies in homes, schools and businesses.

“We’re working toward a world where children living in poverty have more opportunities to create a better future for themselves and their families. Tackling climate change is critical to achieving this goal.” Per Heggenes, CEO of the IKEA Foundation

About the IKEA Group
Our vision is to create a better everyday life for the many people and we offer well designed, functional and affordable, high quality home furnishing, produced with care for people and the environment. The IKEA Group has 322 stores in 28 countries. In addition there are more than 40 stores run by franchisees outside the IKEA Group. The IKEA Group had 716 million visitors to the stores during FY14 and more than 1.5 billion visitors to the web. For more information, please visit www.IKEA.com

Contact:
Jamie Rusby, jamie.rusby@ikea.com, +46 723 527 369

About IKEA Foundation
The IKEA Foundation is the philanthropic arm of INGKA Foundation, the owner of the home furnishings company IKEA Group. We aim to improve opportunities for children and youth in some of the world’s poorest communities by funding holistic, long-term programmes that can create substantial, lasting change. The IKEA Foundation works with strong strategic partners applying innovative approaches to achieve large-scale results in four fundamental areas of a child’s life: a place to call home; a healthy start in life; a quality education; and a sustainable family income. Learn more at www.ikeafoundation.org and www.facebook.com/IKEAfoundation

Contact:

Radu Dumitraşcu, radu.dumitrascu@ikeafoundation.org, +31 6 556 98 570

Inter IKEA Group sold 51% majority share of Inter IKEA Centre Group A/S to Ingka Group (IKEA Group)

Leiden, Netherlands, 2014-12-19 — /EPR Retail News/ — Inter IKEA Group has signed an agreement to sell its 51% majority share of Inter IKEA Centre Group A/S to Ingka Group (also referred to as the IKEA Group).

Ingka Group already owns 49% of the shares of Inter IKEA Centre Group. The transaction will enable Ingka Group to bring their existing shopping centre business in Russia, and the Inter IKEA Centre Group businesses in Europe and China under one roof.

Ingka did earlier this year express an interest in buying Inter IKEA Centre Group, and a thorough due diligence has been performed by the buyer. After agreeing on the commercial terms, the parties have now signed an agreement.

– I believe that this transaction creates great opportunities to further develop and strengthen the shopping centre business, benefiting tenants and consumers in the retail centres, as well as co-workers, says Søren Hansen, CEO of Inter IKEA Group in a comment.

Inter IKEA Centre Groups operates 36 retail destinations, of which 31 are shopping centres, totalling 1.5 million square meters, and have a pipeline of some 12 retail destinations under development. The total assets under management are about euro 4 billion. The transaction takes place on December 31st 2014.

Inter IKEA Group media contact
Kristian Sjöholm, +32 486 040 963, kristian.sjoholm@inter-IKEA.com

Link to IKEA Group press release regarding the transaction

IKEA Group announces expansion of residential solar offer during UN Climate Summit and Climate Week in New York

IKEA Group announces expansion of residential solar offer during UN Climate Summit and Climate Week in New York. It also unveils a new commitment for all plastic material used in its home furnishing products to be 100% renewable and/or recycled by 2020.

CONSHOHOCKEN, PA, 2014-9-23— /EPR Retail News/ — IKEA Group announced today that before the end of this year, it will expand its residential solar offer from the UK to the Netherlands and Switzerland, making solar energy affordable to many more homeowners. Over the coming 18 months the offer will roll out to a further six countries.

As well as helping its customers to access renewable energy, the company is also making strong progress on the €1.5 billion it has committed to invest in wind and solar power for its own operations. So far it has installed 700,000 solar panels on its stores and buildings and has committed to own and operate 224 wind turbines as part of its goal to match 100% of its energy use with renewable energy generation by 2020.

The company also highlighted a commitment for all plastic material used in its home furnishing products to be 100% renewable and/or recycled by 2020 . Together the announcements mark a significant step forward in the company’s People & Planet Positive sustainability strategy.

The announcements were made in New York by Peter Agnefjäll, the IKEA Group President and CEO, on the eve of the UN Climate Summit which he is attending to call for ambitious measure to tackle climate change.

“We know that our customers want to save energy and live more sustainably at home, but we believe they shouldn’t spend more money or time to do so. That is why we are determined to make sustainability both affordable and attractive to as many people as possible. I am delighted that we can now commit to bringing affordable home solar to a further eight countries, starting with the Netherlands and Switzerland,” said Peter Agnefjäll.

The solar systems will be available in the first store in the Netherlands on 28th October and the first Swiss store in mid December, through a partnership with Hanergy. The offer will include full installation and warranties in an affordable package, enabling customers to significantly reduce their household energy bills. The systems are on sale now in all 18 UK stores at prices that have enabled more people to invest in solar when it was previously out of their reach.

The new plastics commitment is part of a comprehensive plan to transform the sustainability of the materials IKEA uses. The commitment means that by 2020, the plastic in every IKEA product – from a washing up brush to a garden chair – will be made from waste material or from renewable material such as wood waste. This change could cut CO2 emissions by an estimated 700,000 tonnes each year, equivalent to the annual emissions from electricity use in 100,000 US homes.

“The scale of the climate challenge requires bold commitments and bold action. That is why we are committing to go 100% renewable or recycled material for the plastic we use in our home furnishing products, building on our 100% goal for renewable energy, and our goal for 100% of our cotton and wood to come from more sustainable sources”, said Mr Agnefjäll.

For more information, please contact:
Jamie Rusby, Jamie.rusby@ikea.com, +46 723 527 369

About IKEA Group
Our vision is to create a better everyday life for the many people and we offer well designed, functional and affordable, high quality home furnishing, produced with care for people and the environment. The IKEA Group has 315 stores in 27 countries. In addition there are more than 40 stores run by franchisees outside the IKEA Group. The IKEA Group had 716 million visitors during FY14 and 1.5 billion people visited IKEA.com. www.ikea.com

IKEA recalls RUND handmade glass mug
IKEA kindly asks customers who have a RUND glass mug to immediately stop using the mug and bring it back to any IKEA store for full refund.