IKEA announced the launch of the IKEA shoppable WeChat mini program as a test in mainland Chinese market recently.
It is a new online consumer touchpoint since the launch of IKEA Tmall Store and IKEA App in March last year, marking IKEA China’s another important step in driving Accessibility and Digitalization under the “Future+” strategy.
As a strong complement to existing touchpoints, IKEA’s shoppable WeChat Mini Program aims to help create a better online and offline integrated shopping experience for consumers, IKEA says.
The test-launched IKEA Shoppable WeChat mini program will have about 9,300 IKEA products, and provide home delivery, assemble and return services in 227 cities and regions across the market.
General Motors will suspend production of its midsize pickup trucks due to a global semiconductor chip shortage.
Downtime at the Missouri plant will start Monday and run through April 12, according to a message sent to employees on Wednesday by the United Auto Workers union local.
In addition to the pickups, GM said it will extend downtime at a car plant in Michigan by two weeks to mid-April.
GM has temporarily shuttered or cut production at several plants that produce cars or crossovers to prioritize production of its full-size pickups and SUVs.
GM expects the chip shortage to cut $1.5 billion to $2.5 billion from its free cash flow in 2021.
RH’s fourth-quarter earnings and sales topped Wall Street estimates, as the furniture company continued to see strong demand for its home goods during the pandemic.
CEO Gary Friedman said the momentum is expected to continue into this year, too, with revenue forecast to grow between 15% and 20% year over year in 2021.
It reported fourth-quarter net income of $130.19 million, up from $68.43 million, a year earlier. Net revenue grew to $812.44 million from $664.98 million a year earlier.
In fiscal 2020, RH’s sales climbed 8% to $2.85 billion.
RH’s plans for growth in the coming years include expanding further into food, hospitality and even home building.