Commercial Execution
Name an area that is part of the Markethall Remodel
What is Cook & Eat, Bed & Bath Textiles, Home Textiles, Home Organization, Lighting, or Home Decor?
We recently opened up a new Pick Up Point in what city?
What is Boise?
Name the 2 of the 6 Sleep Essentials.
What is Air, Sound, Declutter, Comfort, Temperature, & Light?
These people contribute to the One IKEA Bonus
Who is everyone?
This term is the distance of a 0-20 minute drive around the store.
What is a PMA? (Primary Market Area)
We recently partnered with this university to service their move in and attract one of our main target customers.
What is the University of Utah?
IKEA officially opened our stores in the US during this year, leading to our 40 year anniversary in the US for 2025
What is 1985?
This percentage is the maximum payout amount for the One IKEA Bonus
What is 150% of one months pay? (What is 3 paychecks?)
Store revenue goal + Operational cost goal + Operational result = ?
What is the ONE IKEA Bonus?
It is mandatory that every IKEA product has the _____est price in the market.
What is "lowest" ?
A reward for everyone in our store based on the result to our specific business goal
What us the ONE IKEA Bonus?
The FY25 Conversion Rate goal of Visitors to Customers is ____%
What is 45%?
This review evaluates how well a store has applied the IKEA mandatories. The IKEA mandatories are required rules that secures the IKEA experience/brand.
What is a Concept Review?
This project increases the size of our warehouse and adds a collection point location on-site. In addition, this project also increases the size of our Customer Service area and Admin, adding a new training room.
What is REX? (Retail EXpansion Project) (Expansion)
The _____ ______ Forum (or _________ Club) is a team of people that share new range and range knowledge. You can take their quizzes to test your range knowledge and have a chance to win new products!
What is The Goodnight Club or Range Launch Forum?
For FY25, we want our customers to have this many items per basket/transaction.
What is 8.2 items per basket?
This mandatory categorizes IKEA products into our lowest price, low price, medium price, and high price.
What are Price and Quality levels?
Our store has many cities that we consider in our main group of customers. Name any 3 cities that our store considers in our 0-20 minute drive time.
What is Draper, Herriman, Bluffdale?
Our Commercial Focus for FY25 is to make IKEA a one-stop shop for all your ________ _____ essentials. From a mattress, nightstand, blankets, a lamp, even some bed time snacks.
What is Complete Sleep?
This is the FY25 goal for our Total Market Area Sales (This dollar amount includes Brick sales + Online Sales + Food Sales)
What is $100 million?