Ikea Facts
13 Crazy Things You Never Knew About Ikea
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You know that Ikea is the world's largest furniture retailer, and you've likely spent hours in the store browsing for stylish and affordable decor. With more than 300 store locations in more than 40 countries, the franchise is a force to be reckoned with. Thanks to Business Insider, we learned 13 mind-blowing facts about the home-improvement powerhouse.
1 Ikea sells one Billy Bookcase every 10 seconds.
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2 Ikea products use approximately one percent of the entire world's commercial supply of wood.
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3 Ikea's only particle board supplier, Sweden's Hultsfred, processes approximately 30 million pounds of pine sawdust every day.
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4 Every year, Ikea delivers 800 million cubic feet of product.
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5 About 690 million customers visited Ikea in 2012.
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6 An estimated one in five children in Britain were conceived on an Ikea mattress.
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7 One-tenth of all furniture purchased in Britain comes from Ikea.
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8 Ikea's $37.8 billion in annual revenue is larger than the GDP of Serbia.
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9 Ikea has lowered its prices by an average of two to three percent every year since 2000 thanks to increased efficiency.
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10 The world's largest Ikea is in Gwangmyeong, South Korea.
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11 Ikea is building its own town near London.
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12 There's actually a logic behind Ikea's crazy product names.
Image Source: Ikea
13 The estimated net worth of founder Ingvar Kamprad is more than a billion dollars.
Image Source: Billionaire Times
