Posted 14th Nov 2017

Ikea reaches £1.8bn UK sales in sixth year of growth

By KBBDaily on 14th November 2017 - 10:20am

Swedish furniture giant Ikea has reached total UK sales of £1.81bn for the year ending 31st August 2017, marking a 5.8% rise and its sixth year of growth in the country as it celebrates its 30th anniversary in the UK market.

The company has released its Annual Summary, which highlights its commitment to opening new stores in the country, having recently opened stores in Reading and Sheffield with further stores in Exeter and Greenwich planned for next year.

The group also notes that it created 1,000 new jobs in the last financial year and plans to employ a further 850 people when its Exeter and Greenwich stores open.

“As we celebrate our 30th anniversary this year, we remain committed to the UK and are proud to have achieved another successful year of growth,” said Ikea UK country retail manager Gillian Drakeford. “This is testament to the talent of our co-workers and our ambition to inspire customers with the best possible experience.

“We have ambitious expansion plans for the UK and are committed to making Ikea more accessible to the many people,” Drakeford added. “As well as opening new stores, we are also enhancing existing stores.”


Related articles

Caesarstone freezes prices for duration of 2018

Posted yesterday - 15:14pm |

The company said it is ‘investing back’ into its partners after a successful year of direct business in the UK

‘Plethora’ of new surfaces to be unveiled at Surface Design

Posted yesterday - 13:35pm |

New products to launch at the show include DKT Artworks’ metalled glass, pictured left, and ColourGrain's sustainable wood cladding, right

Government launches Office for Product Safety & Standards

Posted yesterday - 10:00am |

The new office will ensure ‘appropriate border checks’ are made on imported products once the UK has left the EU

Zucchetti.Kos tap collection wins Good Design award

Posted yesterday - 08:00am |

The company’s Closer collection of single-lever taps took home the award in the bath/accessories category


in the spotlight

GET 75% OFF ANY BLANCO ETAGON SINK AND PANERA-S TAP WHEN BOUGHT FOR DISPLAY*

most read

Better Bathrooms sees revenue uptick as losses widen