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China lifts Ikea’s sales

Swedish furniture retailer Ikea said sales in the year to August rose 3.6 per cent to €29 billion ($37 billion).

China was the fastest growing market, North America continued to perform well and while the challenging economic situation may not be over, Europe continued to improve it said.

Ikea’s e-commerce division showed strong growth, while the number of store visitors also increased.

“We have a clear multichannel strategy. We are becoming more accessible by continuing to improve our existing stores, by opening new stores and by expanding our e-commerce service and in-store-pick and delivery service,” says president and CEO Peter Agnefjäll.

“Looking ahead, I see great opportunities for continued growth. We are still small in many markets, we have a strong business model and a fantastic team of dedicated co-workers,” he added.

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