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A storage bed with a white bed frame and drawers. A storage bed is a multifunctional furniture consisting of a bed which utilizes storage space which often otherwise is lost, [1] for example by having drawers on its underside or a mattress which can be flipped up to access a storage space beneath (not to be confused with a pull-down bed which can be mounted to a wall).
The mattress replacement cycle is a key driver of income and profits for the mattress industry – a five-year replacement cycle yields double the sales of a 10-year replacement cycle, for instance – so the mattress industry has a financial incentive to shorten the replacement cycle.
In 2004, the Inter IKEA group of companies and I.I. Holding reported combined profits of €553m and paid €19m in taxes, or approximately 3.5 percent. [153] IKEA has avoided millions of euros in taxes [158] performing some intricate mechanisms [159] and it was noted by the EU back in 2017.