Nope, the comment about Ikea is unrelated. Ikea is privately-owned, and my guess is that they just don't want to do online...some privately-owned companies are

Nope, the comment about Ikea is unrelated. Ikea is privately-owned, and my guess is that they just don't want to do online...some privately-owned companies are like that. The point about exec comp is what I have seen at other publicly-listed physical retailers (i.e. dead format, competitors eating their lunch but they keep opening stores because the comp committee wants EPS growth).