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Ikea's record sales lead to expansion
Published: 19 Jan 13 13:13 CET | Print version
Online: http://www.thelocal.de/money/20130119-47429.html
Ikea, the Swedish furniture conglomerate, posted record sales in Germany last year and plans to open 20 additional stores in the next decade, the Wirtschaftswoche reported on Saturday.
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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.
The Local/mw
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Your comments about this article:
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.... :-)
Ikea on the other hand, is like Disneyland for me.