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Bloomberg
Ikea’s annual retail sales exceeded $44 billion for the first time as the Swedish home-furnishings giant opened new stores and rolled out e-commerce in more markets.
Sales of products and services to Ikea customers rose 6.5 percent in the year through August to 41.3 billion euros, according to a statement. It was the fastest growth since 2016.
“We passed a couple of big milestones,†CEO Torbjorn Loof of Inter Ikea, the worldwide franchisor for the brand, said in an interview. In addition to the revenue mark, these included the first year with more than 1 billion store visits, he said.