Company founder Kamprad recently to expand into China. Kamprad’s decision was not based on market research but,rather, on his own intuition. How well is IKEA doing in China? Did Kamprad’s decision pay off ?
So far IKEA found that even the “relatively low price” in Western society was high for the Chinese consumers and its goods even became a luxury for average people. Even though theChinese customers have accepted the environment-friendly concept and cost-cutting effort of IKEA, many still complain that no free home delivery and installation service is offered.