With its classic silhouette and practical features, the IKEA POÄNG chair has been a hit since 1976. Invented by Japanese designer Noboru Nakamura, it's popped up in countless homes over the ...

Ikea’s knack for going against the grain became the cornerstone of its growth: The sticker price on some of its furniture, like the Poäng chair, is 70% cheaper now than 30 years ago.