Perplexing. Closing it and moving to Canada, Mexico, SEA, or China...but Europe?https://apple.news/A8kYFnwdTRmGM2thGaVfRPQ …
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Replying to @Molson_Hart
I think IKEA has a weird corporate structure where it’s actually owned by the family’s non-profit foundation, so may be non traditional economic reasons for the decision like avoiding dealing with the IRS or something
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Replying to @Molson_Hart
Although I’d think moving to Mexico or Canada would get the same benefits there
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Replying to @davidgshort
It's hard to say. Some general thoughts on Ikea: 1. Go to the store, you will find products made in every single country. I think they do this for political reasons (as they have stores in almost every country) 2. Maybe America is a free economy that doesn't need this.
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Replying to @Molson_Hart @davidgshort
3. The way Ikea furniture is sold, you do not need to make it domestically, unlike most other furniture. In other words, you can import it all from China to wherever without significantly increasing cost. Realizing that this is pretty relevant to Wayfair haha
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Replying to @Molson_Hart @davidgshort
Maybe it's possible they realized that the USA is a free economy so they don't need a plant here, or they'll just buy from a manufacturer from here. I don't know. We should consider reading Ingvar Kamprad's book (?)
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Replying to @Molson_Hart @davidgshort1 reply 0 retweets 0 likes
To be clear, Ikea furniture does not need to be made domestically to their stores because it ships flat. That's the key point. My bad...
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