Tags: Sweden | Ikea | furniture | sales

Ikea Sees Sales, Market Share Grow Further

Monday, 14 Oct 2013 06:23 AM

Buoyed by increasing demand for its popular furniture and accessories, Ikea says sales grew more than 3 percent to 27.9 billion euros ($38 billion) in the latest fiscal year.

The world's largest furniture retailer said that market share grew in most regions, including Russia and China, and that "significant progress" was made in North America.

The Sweden-based company does not release quarterly figures. It gave no more details in a brief release on Monday, saying its full report for the fiscal year ending Aug. 31 will be published in January.

Ikea says that by 2016 it plans to replace its complete lighting range with eco-friendly LED lights to help households save on energy costs.

Ikea has 338 stores employing some 154,000 people in more than 40 countries.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Companies
Buoyed by increasing demand for its popular furniture and accessories, Ikea says sales grew more than 3 percent to 27.9 billion euros ($38 billion) in the latest fiscal year.
Sweden,Ikea,furniture,sales
127
2013-23-14
Monday, 14 Oct 2013 06:23 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved