Ikea sees UK sales jump
Ikea’s UK operation outperformed its global performance in the past year.
UK sales rose by 8% to £2.1bn in the year to 31 August 2019. This compared with a 5% rise across the group.
Its share of the UK home furnishings market grew from 8.4% to 9%.
It recorded 224million visits to its website over the year, with 19% of sales now online.
It said shoppers were keen to cut waste and single-use disposable plastic.
‘Despite a challenging retail environment, Ikea has seen another year of strong sales growth as we continue the transformation of our business,’ says Peter Jelkeby, Ikea UK country manager.
‘We know that people’s shopping habits and expectations are changing, so continued investments in our shopping experience, our people and in adapting our operations to ensure we become a fully circular business by 2030, will be vital to secure the success of our business in the future.’