Online investment helps IKEA achieve growth

By 10 November 2019 No Comments
In FY19, IKEA UK enjoyed total sales of £2.120b (up from £1.965b in FY18). Sales were up +8% YoY (having grown +5.9% in FY18), while the retailer enjoyed a slight increase in market share – from 8.4% in FY18 to 9%.
This year, IKEA opened its most sustainable store to date, in Greenwich, which it says is +80% more energy efficient than building standards, and another step towards the retailer’s ambition to develop a fully circular business by 2030. It also opened a second planning studio, in Bromley.