House & Home (128)
IKEA goes (way) larger than life
IKEA is extending its affordable-chic furniture empire by building a privately-owned neighbourhood of affordable home rentals, condos, town homes, office spaces, and a hotel - all built and furnished entirely in the IKEA brand. People in the London area can then rent the units from IKEA, who will continue to own the 27-acre space and maintain the buildings, parks, and public areas.
Why it matters
Megabrands are stepping out of their boundaries - in this case, a retail store - by fully integrating the brand into daily life without slapping a logo over it. By breaking into new categories (like development), IKEA is bringing the brand ethos of affordable chic furnishing to life in a way that is permanent, practical, and very bold. How might other large master brands begin to reinforce themselves in consumer lifestyles by sponsoring innovative projects outside of their territory? Where are there opportunities for smaller brands to create and sponsor branded ‘lifestyle experiences’ that allow consumers co-ownership?
Ikea has recently invaded the Parisian subway with a makeover. In several stations of the capital, the brand recreated living rooms with real furniture and posters. It created a lot of buzz and excitement on social networks as Parisians begged Ikea to leave the sofas there permanently.
Ikea has always been a DIY furnishings destination. Recently though it has adapted to broaden its appeal. The latest campaign promotes the services of Lars, the Ikea Assembly Man, who will assemble your furniture for $40 an hour.