Reuters
IKEA eyes return to growth this year after sales shrank 4% in 2019/20
Retail sales at IKEA, the world's biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by COVID-19, brand owner and franchisor Inter IKEA said on Tuesday. Retail sales, of products and services at all 445 IKEA stores and online, came in at 39.6 billion euros (36 billion pounds). E-commerce jumped 45% to account for 21% of total retail sales, and Inter IKEA said online sales remained high even after stores, most of which closed temporarily for an average of four weeks in the early stages of the pandemic, re-opened.
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