Ikea's U.S. Sales Rose 11% in Latest Fiscal Year
February 23, 2013,
Worldwide, Ikea Group's sales were up 7.1% to 27.6 billion euros (about $36.8 billion at today's exchange rates) and same-store sales increased 4.6%, the company said. It did not provide sales totals and said group percentages were adjusted for currency impact. Without the adjustment, total group sales were up 9.5%.
Net profit for the giant Sweden- based home furnishings retailer grew 9% to 3.1 billion euros ($4.2 billion), the company said.
While the company didn't disclose U.S. sales in dollars, an official said they accounted for 12% of global sales, which would be around $4.4 billion.
In its past fiscal year, "We managed to grow in most markets," said Mikael Ohlsson, Ikea Group president and ceo.
"The markets where we grew the most were China, Russia and Poland, closely followed by the United States and Germany. We opened 11 new stores and welcomed 8,000 more coworkers," he said.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...