IKEA loses 1.5 billion euros due to coronavirus crisis

IKEA loses 1.5 billion euros due to coronavirus crisis
     IKEA announced retail sales of 35.2 billion euros in the financial year to September. That is 1.5 billion less than a year earlier, despite online growth of 60%. Nevertheless, this is a strong performance according to the furniture chain.    Retail sales at IKEA, the world's biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by COVID-19, brand owner and franchisor Inter IKEA said.          Retail sales, of ...

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