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IKEA reports record full-year retail sales of 41.9 bln euros

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STOCKHOLM, Oct 14 (Reuters) – IKEA, the world’s greatest furnishings model, reported record excessive annual retail sales on Thursday regardless of world provide chain disruptions as housebound customers spent extra on their properties.

Franchiser Inter IKEA mentioned sales of services in any respect IKEA shops and on-line totalled 41.9 billion euros ($48.7 billion) – up 6% from the earlier fiscal 12 months and up 1% from pre-pandemic fiscal 2019.

E-commerce for the 12 months to August grew by 73% to account for 26% of whole retail sales, it mentioned in a press release.

Main franchisee Ingka Group, which owns the majority of shops and the e-commerce operations, mentioned individually its retail sales rose 6% to 37.4 billion euros.

That was 2% greater than pre-pandemic ranges, Ingka Chief Executive Jesper Brodin mentioned.

($1 = 0.8610 euros)

Reporting by Anna Ringstrom; enhancing by Jason Neely

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