Sales up for Ikea

Total sales for Swedish housewares and furniture giant Ikea lifted 3.1% to Euro 27.9 billion in the financial year 2013. Sales in comparable stores grew by 1.8%.

President and Ceo Peter Agnefjäll said: “Value for money is increasingly important to our customers – and our sales development shows that people all over the world appreciate our concept of good quality, well-designed products at low prices.”

He added: “Reducing household energy bills is the most important issue for many people today when it comes to living more sustainably at home. In the last year, we sold 20 million energy saving LED products at affordable prices, helping people to do just that. And by 2016 we will convert all of our lighting products to LED to help even more people save money at home. Sustainability should not be a luxury.”

The global chain said some of the strongest growth was in Russia and China, and significant progress was made in North America. While sales in southern Europe continued to be affected by the current economic situation, the Ikea said it gained market shares in almost all markets.

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