That will only work if the entire "global megacorp"'s database is the web shop database that you describe. How else are you going to show availability of products in a shop nearby you? How are you going to combine the webshop's delivery logistics with the distribution centers of the entire brick&mortar retail chain? How are you going to expose loyalty card benefits online? How are you going to keep the product catalog in sync with what's in stores?
Like all retail bigcorps, I assume that IKEA has lots of internal systems, half self-cooked, half based on SAP or Oracle or whatnot, that together form the entireity of their operations. These formed long before "microservices" were hip and trendy and will be around long after the hype has died away. The webshop is a part of all that and it must be closely connected to the rest of the IT in lots and lots of places.
So, what you're suggesting is "IKEA should just rebuild their entire product, sales, supply&demand, logistics and finance IT from scratch in a single monolith on a single database". That'd be a fine end-result indeed, but unachievable on any timescale.