Ikea full-year sales fall cushioned by strong online growth
Ikea has reported a decline in full-year sales across its UK business, but boss Peter Jelkeby praised the retailer’s accelerated transformation.
Ikea reported a 10% drop in sales to £1.9bn in the year to August 31 as store visitor numbers fell 22% year on year to 44 million due to coronavirus lockdowns.
The homeware giant’s online sales climbed 30% year on year and represented 27% of total sales during the period, up from 19% the previous year.
Visitor numbers to Ikea’s website also rose 16% year on year to 260 million.
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