• Germany's news in English
 
app_header_v3

Ikea's record sales lead to expansion

The Local · 19 Jan 2013, 13:13

Published: 19 Jan 2013 13:13 GMT+01:00

The magazine said the information was conveyed to employees by the worker’s council, but the company refused to comment on its sales or expansion plans.

Given the company’s good economic situation in Germany the 14,500 workers in the country want a piece of the profit, the magazine said.

Revenues are reportedly up 6.3 percent to €3.9 billion, with a store in Hamburg posting the most sales.

The company expects €4.1 billion is sales this year. The new stores will be built in Ingolstadt, Kaiserslautern, Bremerhaven, Lübeck, Wuppertal, Darmstadt and other locations.

According to IKEA’s website, the company posted a 5 percent increase in sales in Germany in 2011 over 2010. Overall the conglomerate grew by 6.9 percent in 2011 over the previous year with total with sales of €24.7 billion.

Story continues below…

The Local/mw

The Local (news@thelocal.de)

Your comments about this article

00:31 January 20, 2013 by ErnestPayne
Interesting that Ikea expands and Walmart retreats. Can anyone provide information or analysis as to why this happened?
11:56 January 20, 2013 by DerHirsch
Ernest, these are two entirely different types of consumer stores. Ikea is European / Furniture and Walmart is American / Groceries, Chemist, Clothing, Furniture, etc. When Walmart arrived in Germany around 1995 it didn't do it's homework beforehand. It had the same issue in other countries. Basically it thought Germans had the same shopping mentality as Americans. Not that one is worse than the other, it's more of we, Germans, do not shop in the same manner. Just a different style.

Walmart is great if you shop once every two weeks and have the room to store that much in your home. We don't have the space in our homes. Moreover, historically, we like to shop 3 - 4 times a week for fresh food. Again, not that Walmart has non-fresh foods. Personally, I could not quite understand buying cheese, a bicycle and a shirt in the same building. Maybe that's why I nearly never go to a Real. Real is similar, but different.

Americans enjoy the convenience that Walmart provides. We just didn't take to that convenience as easily. Now about Ikea.... :-)
17:04 January 20, 2013 by marimay
As an American, I am glad Walmart did not catch on in Germany. Walmart is hellspawn and I refuse to shop there.

Ikea on the other hand, is like Disneyland for me.
20:56 January 22, 2013 by LandSwitcher
During my university time I chose to IKEA because of its price while the quality is inferior at best. This was 20 years ago. Today, living around the world, IKEA stands for a quality that you as a customer at least know what to expect, at a very affordable price. Furthermore, the DIY design makes it very easy to customize your home. I think this is one of the many reasons why IKEA is so successful. Good job IKEA!
Today's headlines
Vice-Chancellor: TTIP trade deal is dead
Photo: DPA

Vice-Chancellor Sigmar Gabriel said Sunday that negotiations on a massive trade deal between the European Union and the United States were effectively dead in the water.

Law to force mums to give up identity of child's real father
Photo: DPA

Germany has drafted a law requiring mothers to inform their partners if their children were fathered by another man, Justice Minister Heiko Maas said on Monday.

Gallery
Germans race bulls too, but with a difference
Photo: DPA

The most important sporting events only happen every four years: the World Cup, the Olympics, and of course the Münsing ox race.

Attempted murder charge for Isis teen who stabbed cop
A police officer stands on a train platform at Hannover main station. Photo: DPA

German federal prosecutors said Monday they had brought charges against a 16-year-old girl who allegedly stabbed a policeman in February in an operation for Isis.

Nearly 9,000 refugee children reported missing: report
Refugee children in Hamburg. Photo: DPA.

German media reported on Monday that the number of refugee children reported as missing has doubled to reach nearly 9,000.

EU nations must not refuse Muslim migrants: Merkel
Photo: DPA

The refusal of some EU countries to accept Muslim refugees is "unacceptable", Chancellor Angela Merkel said Sunday as Germany called for quotas to divide the influx throughout the bloc.

Naked swimmer hospitalized after angler hooks his penis
File photo: DPA

When a man swimming naked in a Bavarian lake felt a strange pain in his nether regions, he looked up to see a fisherman on the shore. "Don’t pull!" he shouted.

Study finds rival Rhineland beers 'actually taste the same'
Left: Altbier. Right: Kölsch. Or can you even tell? Photos: DPA.

Cologne and Düsseldorf have a long established rivalry, not least over who has the better home brew. So the results of a new study might be more than they can swallow.

Eastern Europe pushes Germany for joint EU army
Angela Merkel (l), Beata Szydlo and Victor Orban. Photo: DPA

Eastern EU countries on Friday pushed for the bloc to create a joint army as they met with Germany for talks on sketching Europe's post-Brexit future.

Merkel’s party mate wants to get rid of all Karl Marx streets
Karl Marx and one of the roadways in Berlin named for him. Photos: Wikimedia Commons, Nicor

Hundreds of streets are named after the founder of communism, but this conservative politician wants to give Marx the boot.

Sponsored Article
Why you should attend an international job fair
National
Ouch! Naked swimmer hospitalized after angler hooks his penis
Sponsored Article
Why expats choose international health insurance
National
Six reasons why Berlin is now known as 'the failed city'
National
15 tell-tale signs you’ll never quite master German
Sponsored Article
Why you should attend an international job fair
Culture
7 American habits that make Germans very, very uncomfortable
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
Rhineland
Story of a fugitive cow who outwitted police for weeks before capture
Culture
Eleven famous Germans with surnames that'll make your sides split
Lifestyle
The best ways to get a visa as an American in Germany
Sponsored Article
Why Jordan is the ‘Different’ East
Gallery
Germany's 17 Olympic gold medals in pictures
Sponsored Article
Five things Americans should know about voting abroad
14 facts you never knew about the Brandenburg Gate
Society
Ten times Germans proved they really, really love beer
Sponsored Article
Jordan Pass: your ticket to the experience of a lifetime
Lifestyle
What's on in Germany: events for August 2016
Sponsored Article
Jordan: where history meets adventure
National
Six things you need to know when moving to Germany
Travel
These 10 little-known German towns are a must see
Sponsored Article
6 reasons expats use TransferWise to send money
International
German scientists prove birds can sleep while flying
Sponsored Article
Why you should attend an international job fair
Technology
London v. Berlin: Which is better for startups?
Sponsored Article
Five things Americans should know about voting abroad
Lifestyle
13 mortifying mistakes German learners always make
Sponsored Article
Jordan: where history meets adventure
Travel
Enter if you dare: Berlin's best abandoned haunts
Sponsored Article
6 reasons expats use TransferWise to send money
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
National
How to get German citizenship (or just stay forever)
Technology
Brexit will turn Berlin into 'Europe’s startup capital'
Travel
Six soothing day trips to escape the bustle of Berlin
International
'Germany needs to make UK come to its senses'
Features
Six odd things Germans do in the summer
8,441
jobs available
Toytown Germany
Germany's English-speaking crowd