Ikea's record sales lead to expansion
Published: 19 Jan 2013 13:13 GMT+01:00
Updated: 19 Jan 2013 13:13 GMT+01:00
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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.