Ikea has reported a decline in full-year sales across its UK business, but boss Peter Jelkeby praised the retailer’s accelerated transformation.
Ikea reported a 10% drop in sales to £1.9bn in the year to August 31 as store visitor numbers fell 22% year on year to 44 million due to coronavirus lockdowns.
The homeware giant’s online sales climbed 30% year on year and represented 27% of total sales during the period, up from 19% the previous year.
Visitor numbers to Ikea’s website also rose 16% year on year to 260 million.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.