IKEA has been ranked one of the best global brands around the world in 2008. But although IKEA's strong brand image boosts the group's growth into new markets and new product lines, the slowdown in the UK and USA housing market due to limited housing supply and higher prices are negatively concerning the revenues of the company. Additionally, it seems that IKEA's concept has achieved maturity in the majority of European markets. Although IKEA has had to reinvent very few elements of its strategy, it has carried out different market positioning in different countries. For example, in China IKEA is seen as upmarket and aspirational.
Planning permissions are a major problem for the company in most countries, especially in the UK where sales concentration are much bigger than anywhere else.
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