Ikea’s growth slowed in 2017

In the fiscal year to late August 2017, the sales of Ikea Group reached €38.3 billion, an increase of 5% (including franchises) via 403 stores in 49 countries. The slowdown in sales has been marked for several years. One year ago, growth in turnover had already slowed from 11.5% in 2015 to 7.4% in 2016. After 14 new stores this year, the worlds’ largest furniture retailer plans toaccelerate store expansion over the next 12 months with 22 new stores, especially in India and Latvia. The group...