Ikea sales jump after focus on business transformation
Ingka Group, the owner of Ikea, has reported an increase in sales and hailed the success of its business transformation plan, which has seen it invest in new regions, home delivery networks and digital.
The Swedish homewares retailer reported a 5% increase in sales to €36.7bn (£32.4bn) for its 2019 financial year, in what it described as a “fast-changing retail environment”.
The retailer reported that its online sales jumped by 46%, which saw it amount to 11% of total sales in the financial year.
Ikea stores saw more than 839 million visits around the world, while visits to Ikea.com increased 10% to nearly 2.6 billion.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
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:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
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.