• 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
The Local List
The 10 worst German cities for students to find digs
Photo: DPA

It's the start of autumn, which means the start of the university year. But along with the excitement comes the stress of finding housing - and in some glamorous locations this can be a nightmare.

German broadcaster sues Turkey over confiscated video
Akif Cagatay Kilic. Photo: DPA

German international broadcaster Deutsche Welle said Monday it had filed a civil complaint after a Turkish minister's office confiscated a taped video interview with him.

Germany's 'James Bond' goes on trial over tax evasion
Werner Mauss. Photo: DPA.

Germany's former top spy, Werner Mauss, went on trial on Monday accused of hiding millions of euros from authorities.

Germany holds first national 'mermaiding' championship
Photo: DPA

Ariel would be proud.

Gallery
15 pics that prove Germany is totally enchanting in autumn
The Max-Eyth-See in Stuttgart. Photo: DPA.

As summer fades into a distant memory and you start to begrudge trading Birkenstocks for boots, these pictures may help change your perspective on the new chill in the air.

Left politician who smuggled refugee could lose immunity
Diether Dehm. Photo: DPA.

Die Linke (Left Party) politician Diether Dehm could lose his immunity as an elected official after he admitted to smuggling a refugee into Germany.

Merkel party leader admits sexism is a problem
Jenna Behrends complained that a member of CDU's Berlin government had called her a "big sweet mouse" in front of a large group. Photo: Sophia Kembowski/dpa

A leader of German Chancellor Angela Merkel's conservative party admitted Sunday that it has a problem with sexism in its ranks.

Ethiopia's Bekele nears record in Berlin marathon win
Participants in the Berlin marathon take to the streets on Sunday. Photo:Paul Zinken/dpa

Kenenisa Bekele narrowly missed out on the world record on Sunday as the Ethiopian won the Berlin marathon ahead of former winner Wilson Kipsang.

Europe needs deals to send migrants home: Merkel
Angela Merkal poses with Bulgaria's Prime minister Boyko Borissov (L) and Austrian chancellor Christian Kern (R) in Vienna. Photo: Joe Klamar/AFP

Europe needs to secure more deals to send rejected migrants home, German Chancellor Angela Merkel has told counterparts in Vienna.

Germany sees 'turning point' in birth rate decline
Children at a a kindergarten in Swabia. Photo: Nikolaus Lenau/Flickr

Is Germany's three-decade decline in birth rate now over?

Sponsored Article
The Inner Circle: the secret to dating in Berlin
Lifestyle
6 things about Munich that’ll stay with you forever
Sponsored Article
Why Jordan is the ‘Different’ East
Lifestyle
10 pieces of German slang you'll never learn in class
National
Seven great reasons to stay in Germany this September
National
Ouch! Naked swimmer hospitalized after angler hooks his penis
Sponsored Article
Retiring abroad: ensuring your health is covered
National
Six reasons why Berlin is now known as 'the failed city'
National
15 tell-tale signs you’ll never quite master German
Culture
7 American habits that make Germans very, very uncomfortable
Rhineland
Story of a fugitive cow who outwitted police for weeks before capture
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
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
The Inner Circle: the secret to dating in Berlin
Gallery
Germany's 17 Olympic gold medals in pictures
14 facts you never knew about the Brandenburg Gate
Society
Ten times Germans proved they really, really love beer
National
Six things you need to know when moving to Germany
Travel
These 10 little-known German towns are a must see
International
German scientists prove birds can sleep while flying
Technology
London v. Berlin: Which is better for startups?
Lifestyle
13 mortifying mistakes German learners always make
Travel
Enter if you dare: Berlin's best abandoned haunts
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
5,643
jobs available
Toytown Germany
Germany's English-speaking crowd