Retail
Ikea to relocate from Norra Backa to Kupolen in Borlänge
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Ikea plans to move its Borlänge store from Norra Backa to smaller premises in Kupolen in 2027. Municipal chairman Erik Nises (S) is disappointed over the short notice. It remains unclear how the move will affect the roughly 230 employees.
Pick n Pay has announced plans for major changes to store staff working conditions and pay through a section 189A process. Meanwhile, its spun-off discount chain Boxer posted strong maiden results after listing on the JSE.
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Liliana Aufiero, 81, is leaving the executive presidency of Lupo. Carlos Alberto Mazzeu takes over the role starting June 1.
Amazon has updated its mobile app's 'Hear the Highlights' feature, allowing users to ask questions to AI-generated shopping experts. The enhancement builds on audio summaries introduced last year for millions of products. It is now available to US customers on iOS and Android.
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São Paulo's Secretariat of Finance and Planning dismissed five tax auditors involved in irregularities in ICMS refunds, investigated under Operation Ícaro and its spin-offs. The dismissals stem from administrative processes in partnership with the MP-SP. Five more public servants may be dismissed soon.
Department store chain Galeria has received a new ten-million-euro credit from minority shareholder Bain Capital. CEO Tilo Hellenbock confirmed this to Handelsblatt. The bridge financing is intended to provide short-term relief for the strained liquidity situation.
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IKEA Korea announced on April 20 plans to open three new outlets by 2027 in Incheon, Daegu and Daejeon. The company reported fiscal year sales ending August 2025 rose 2.2 percent to 639.3 billion won. It will launch a next-day delivery service later this month.
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