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October 18, 2018

IKEA’s sales grow following India expansion and higher online sales

  Swedish furniture giant IKEA reported rising sales for the year to August, helped by a big push online and new store openings, including its first in India.  Total store turnover, comprising sales of both products and services, rose 1.3 per cent to €38.8 billion (US$44.5 billion) from €38.3 billion a year earlier, the company said in a statement.  Adjusted for currency impact, sales were up 4.5 per cent at its over 400 worldwide stores.  "It was an incredible year," Jesper Brodin, the new CEO of the ...

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