A voice for newcomers in Sweden

Ikea cheers 'incredible year' as international expansion boosts sales

Ikea CEO Jesper Brodin. Photo: Johan Nilsson/TT

Published: 11.Oct.2018 07:44 hrs

Helped by a big online push and store openings in new markets, Swedish-founded furniture giant Ikea reported rising sales for the year to August.

Total store turnover, comprising sales of both products and services, rose 1.3 percent to 38.8 billion euros ($44.5 billion) from 38.3 billion euros a year earlier, the company said in a statement.

Adjusted for currency impact, sales were up 4.5 percent at its over 400 worldwide stores.

Read full article on The Local

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