Ikea’s Annual Sales Exceed 40 Billion-Euro Mark for First Time
The Ikea store in Hitech City on the outskirts of Hyderabad, India.
Photographer: Udit Kulshrestha/BloombergThis article is for subscribers only.
Ikea’s annual retail sales exceeded 40 billion euros ($44 billion) for the first time as the Swedish home-furnishings giant opened new stores and rolled out e-commerce in more markets.
Sales of products and services to Ikea customers rose 6.5% in the year through August to 41.3 billion euros, according to a statement Wednesday. It was the fastest growth since 2016.