IKEA reports healthy growth for FY 2018

Source: 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.