Ikea to double its spending on renewable energy to $4 billion
Wednesday, January 23, 2013 - 02:00
in Mathematics & Economics
The investment boost is part of Ikea's plan to get all the energy used at its stores and by subcontractors from renewable sources by 2020. Ikea Group, the world's biggest furniture retailer, will double its investment in renewable energy to $4 billion by 2020 as part of a drive to reduce costs as cash-strapped consumers become more price sensitive.