IKEA Group sales increased
Despite the exceptional economic situation in the world, fiscal year 2009 was a good year for the IKEA Group. The Group opened 15 new IKEA stores and entered its 25th market, with the new IKEA store in Dublin, Ireland.
Sales increased to 21.5 billion Euro, which is an increase of 1.4 percent compared to last year.
“It has been a challenging year in which we have had to adapt to changed market conditions. We know that many of our customers have less money to spend and our low price concept is therefore more relevant than ever. Our customers have recognized that in tough times IKEA has the better home furnishing offer,” says Mikael Ohlsson, President and CEO, IKEA Group. In the last year the IKEA Group has strengthened its positions.
During Fiscal Year 2009 the IKEA Group built 15 new stores, relocated 3 stores, built one distribution centre and invested in several large shopping centre projects. In the coming years IKEA will focus on an even more attractive range of home furnishing products for the many peoples’ different taste and thin wallets. The IKEA Group will continue to expand according to its long term direction.
For further information, contact
Charlotte Lindgren, Media Relations IKEA Group, phone +46 709 936376