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Ikea lifts 2020 forecast as shoppers buy more on their homes

WorldNews Tuesday, 6 October 2020
Ikea lifts 2020 forecast as shoppers buy more on their homesStockholmIkea sees sales returning to growth in 2020 after the coronavirus crisis boosted shoppers' interest in spending more on their homes, a trend the world's biggest furniture retailer believes is here to stay. Ikea is shifting focus from its traditional large out-of-town stores towards e-commerce and smaller inner-city formats as it adapts to the growth of...
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Video Credit: Reuters Studio - Published
News video: IKEA gets sales boost amid lockdowns

IKEA gets sales boost amid lockdowns 01:31

IKEA sees sales returning to growth this year after the coronavirus crisis boosted shoppers' interest in spending more on their homes, a trend the world's biggest furniture retailer believes is here to stay. Olivia Chan reports.

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IKEA IKEA Trademark used for retail of furniture, appliances, and home furnishings that you can build

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H&M Installs In-Store Recycling Machine That Turns Old Clothes Into New Clothes [Video]

H&M Installs In-Store Recycling Machine That Turns Old Clothes Into New Clothes

This machine recycles old clothes into brand new ones. Unveiled by clothing brand H&M, 'Looop' opened in H&M’s Drottninggatan store in Stockholm on 12 October. Looop works by cleaning the garments and shredding them into fibres, then spinning that into new yarn which is then knitted into new fashion items. The scheme is part of H&M’s plan to build a more sustainable business model based on more garments being reused and recycled into new clothes. The system uses no water and no chemicals, which means it has a lower environmental impact. By 2030, the brand’s aim is for all its materials to be either recycled or sourced in a more sustainable way.

Credit: Cover Video STUDIO    Duration: 00:55Published

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