Latest post

Volvo Acquires NOVO Energy: Bold Move Reshapes EV Battery Future

 Explore the latest developments in the electric vehicle (EV) industry with in-depth analysis of Volvo Cars' acquisition of NOVO Energy. This strategic move underscores Volvo's commitment to electrification and highlights the challenges faced by battery manufacturers like Northvolt. For more insights into the evolving EV landscape, visit gptonline.ai .  Volvo Acquires Full Ownership of NOVO Energy: Strategic Implications and Industry Impact Introduction In a significant move within the electric vehicle (EV) sector, Volvo Cars has acquired full ownership of NOVO Energy, its former joint venture with Northvolt AB. This acquisition follows Northvolt's financial challenges and marks a pivotal step for Volvo in securing its battery supply chain.  Background: The NOVO Energy Joint Venture Established in 2021, NOVO Energy was a collaborative effort between Volvo Cars and Northvolt AB to produce high-performance batteries for Volvo's next-generation electric vehicles. The j...

IKEA: not a furniture seller but a hot dog seller

Why IKEA's 5 SEK Hot Dog is More Than Just a Snack

IKEA is famous for its affordable, build-it-yourself furniture, its mazy store layout, and, of course, its Swedish meatballs. But there's one item that holds a special place in IKEA's history: the humble korv or hot dog sold for just 5 SEK (Swedish kronor). 

While inflation has driven up the prices of almost everything, IKEA has stubbornly refused to raise the price of its hot dog. Why? Because that hot dog isn’t just food; it’s a symbol of IKEA’s philosophy.


A Bite of Ingvar Kamprad’s Vision


IKEA’s founder, Ingvar Kamprad, was obsessed with affordability. He believed that quality design should be accessible to everyone—not just the wealthy. This principle extended beyond furniture to everything in the store, including food.

The hot dog was introduced as an affordable treat that customers could enjoy after navigating the vast showroom. Kamprad insisted that it remain cheap, seeing it as a gesture of goodwill. To him, it wasn’t about profit—it was about creating a feeling of value.

IKEA introduced hot dogs in its Swedish stores in the late 1980s, pricing them at 5 SEK. This price point was maintained for several years, reflecting founder Ingvar Kamprad's commitment to affordability. Over time, due to inflation and other economic factors, the price has increased in various markets. For instance, in the UK, IKEA's hot dogs are priced at 85p as of late 2024. In the U.S., prices have been reported at 50 cents per hot dog. 

Therefore, while the original 5 SEK price was upheld for a significant period, adjustments have been made in different countries to align with local economic conditions.


More Than Just a Snack—A Marketing Genius Move

That 5 SEK hot dog does something powerful: it leaves a lasting impression.

Picture this: You’ve just spent hours navigating IKEA, maybe assembling your shopping cart with more than you planned. You finally reach the exit, tired and hungry. And there it is a 5 SEK hot dog.

It’s ridiculously cheap, so you buy one. And as you take that first bite, a thought crosses your mind: “IKEA really does offer great value.”

That single moment cements IKEA’s affordability in your mind. You might not remember the exact price of the bookshelf you just bought, but you’ll never forget that cheap hot dog. Any it is tasty after you walk around furnitured floors.


Final Bite: A Lesson in Brand Loyalty

The IKEA hot dog isn’t just cheap food—it’s a brand statement. It embodies the company’s core values: affordability, simplicity, and customer-first thinking.

So, next time you grab a 5 SEK hot dog at IKEA, remember: you’re not just eating—you're experiencing a piece of IKEA history.

FYI. Ikea is named Sweden's most attractive employer in 2024, knocking last year's winner Spotify down one place.