Ikea – record sales due to corona economy

During the corona pandemic, the Swedish furniture company Ikea benefited from the global trend to spruce up your own home. The furniture company reported record sales for the financial year. Online sales rose by 73 percent and accounted for more than a quarter of group sales, as the franchisor Inter Ikea announced on Thursday. The global market leader’s retail sales totaled almost 42 billion euros in the 2020/21 financial year (as of the end of August) – six percent more than in the previous year and one percent more than in 2019. The main franchisee Ingka Group, which handles most of the stores and online Owns activities, announced that its retail sales increased by six percent to 37.4 billion euros.