Ikea UK sales climb as it promises to reduce prices
Ikea has posted strong sales growth and promised to reduce prices in the next financial year.
The home and furniture giant posted a sales increase of 11.9% to £2.46bn for the 2023 financial year, while sales at the wider Ingka Group reached €41.7bn (£36bn), up 5.7% on €39.5bn (£34bn) in FY22.
Ikea also announced its intention to reduce its prices next year as supply chain costs begin to lower.
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 moments before your account is updated.
