In a context of rising tariffs and lower in-store traffic gains, Ikea closed the financial year with another decline in sales. While volumes increased and e-commerce reached 28% of activity, the group made a serious sacrifice in profitability to remain attractive, after years of sustained inflation.
The world’s largest furniture retailer, Ikea Group (which operates shopping centres, the Ikea franchise chain and services), has published annual results. After a 4% drop in 2024, retail sales fell again by 0.3% at constant rates to €44.6 billion for the year ended 31 August 2025. The group cited lower prices combined with a return to volume growth (up by 2.6% last year, after a flat 2024). “Uncertainties surrounding US tariffs (up to 15%) led to higher raw material and logistics costs in H2”,
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Article authors
Sophie Baqué
Chief Editor of mind Retail