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October 11, 2018

Expansion in India and higher online sales boosts IKEA’s sales

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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