IKEA reports healthy growth for FY 2018
Reuters, Thursday, Oct 11, 2018
Swedish home furnishing retailer Ikea has reported healthy growth in its annual sales. In the 12 months ended in August, the retailer saw sales rise 4.5% to EUR38.8 billion. Same-store sales remained largely flat during the period. The retailer saw sales from its growing online offering jump 31% which accounted for around 8% of the total turnover. The retailer, which trades through 11 franchisees across 50 markets, opened 19 new outlets during the year bringing its total to 422.