Faced with inflation and the housing crisis, Ikea sales fall for the first time in 5 years

While the restriction of purchasing power for the working classes continues unabated, even shaking up the political landscape, Ikea's sales fell by 4% in value and remained sluggish in volume in the last financial year. While e-commerce has gained ground, the contribution of stores to the Swedish' mass-market strategy continues to lower.

Through Sophie Baqué. Published on 18 October 2024 à 16h17 - Update on 18 October 2024 à 16h53

The world’s largest furniture retailer by sales, Inter Ikea Group (which has 12 franchisees including Ingka, malls and services) published annual results for the financial year ending August 31,…

Read more

How Ingka increased staff retention by 5 points in 16 months

USA: Ikea wants to take advantage of falling valuations and acquire more malls