Ikea sales fell for the first time since the pandemic; now it’s setting up stores in Best Buy

The two retailers are teaming up on a new “shop-in-shop” concept in the US.

8/1/25 8:05AM

Ikea, a go-to retailer for anyone looking to deck out their new place with affordable, flat-pack furniture, has found a new home itself, with the Swedish brand and Best Buy announcing a new “shop-in-shop” collaboration in 10 Best Buy stores across Florida and Texas.

Not so DIY

Per the brands’ vision statements, shoppers will be able to explore 1,000-square-foot showrooms displaying “inspirational” Ikea kitchens and laundry rooms, where they’ll be able to imagine and integrate Best Buy’s tech appliances. With Best Buy’s sales having slumped for the last three years on the bounce, as Bloomberg reported, the move comes at a tough time for the consumer electronics company, though it’s not all sunshine and meatballs at Ikea, either.

Last year, Ikea sales fell for the second time in 20 years — the only other instance being in 2020, when the pandemic stopped customers from making pilgrimages to Ikea locations to see BILLY bookcases in person and sample the Swedish delights at their in-store restaurants. The 2024 revenue drop came after the world’s largest furniture seller discounted a range of thousands of items at an average rate of 10%, having previously raised prices on pandemic-era supply issues.

Surely we haven’t seen peak Ikea, have we?

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.