Our Year: Ikano Retail FY24 Annual Report
As the cost of living increased, we sided with the many
Despite a challenging year for us, our IKEA business and IKEA-anchored shopping centres remained committed to our promise – to lower prices across our wide home furnishing range, IKEA food and services, while offering a great day out for our communities.
Our FY24 annual report is a colourful lookback at a year where we saw turnover increase 1.3 percent year-on-year to EUR 1.09 billion.
About IKEA Singapore
IKEA is the world’s largest home furnishing retailer with 460 stores across more than 60 countries. IKEA Singapore is part of Ikano Retail, one of 12 IKEA franchisees and the only one owned by the family of Ingvar Kamprad, who founded IKEA in 1943.
IKEA Singapore creates a better everyday life by offering a wide range of well-designed, functional home furnishing products at prices so low, that as many people as possible can afford them. Ikano Pte. Ltd. owns and operates three omnichannel stores in Singapore, including IKEA Alexandra, IKEA Tampines and IKEA Jurong. To learn more, visit IKEA.com/sg