IKEA was founded in 1943 by Ingvar Kamprad in Sweden. Its vision is to create a better everyday life for many people. IKEA owns 392 stores in 48 countries and has over 12,000 products on its website. It had over 2.1 billion visitors to its website from 2015-2016, making it one of the largest wood users in retail. IKEA customizes its stores and products based on local culture and reaches consumers through quirky ads, low prices, and expanding into new markets while considering luxury, eco-friendly products. The pros of its strategy are cost cutting through DIY assembly and wide product range while cons include difficulty of DIY and limited store locations.