Companies in the timber industry / Daily News / Global Trends / Furniture / Wood Products / Asia & Middle East / Europe / Global
October 11, 2018
Expansion in India and higher online sales boosts IKEA’s 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 ...
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