Chat

Track

IKEA said the pandemic had helped its business and sped up its transformation.

2021-12-01 17:05:59

Reporting its annual results, the world’s largest furniture retailer IKEA said the pandemic had helped its business and sped up its transformation.

Sales in the year to the end of August increased 6 per cent on the previous year to a record €41.9 billion, boosted by an almost doubling in online sales.Which have risen from 7 per cent of the total in 2019 and 18 per cent last year to more than 30 per cent now.

Ring said Ikea was unlikely to make big changes to its global supply chain as a result of the crisis, which occurred as retailers have tried both to restock and to deal with a huge wave of demand after the initial Covid lockdowns in Europe and the US last year.