Sweden - 25 new Ikea stores
January 27, 2013, Sunday
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Print Edition
Print Edition
SWEDEN-BASED Ikea says it plans to open 25 new outlets and recruit 75,000 more workers overall by 2020, as its global market share last year increased with annual net profit growing 8 percent to 3.2 billion euros (US$4.3 billion).
The world's largest furniture retailer on Wednesday reported revenue of 27.5 billion euros for the 2012 fiscal year, up from 26 billion euros a year earlier. Ikea does not release quarterly figures.
Ikea Group CEO Mikael Ohlsson said most growth last year was in China, Russia and Poland, closely followed by the United States and Germany.
Ikea has 338 stores employing 154,000 people in more than 40 countries. The new outlets will mainly be in Asia.
The world's largest furniture retailer on Wednesday reported revenue of 27.5 billion euros for the 2012 fiscal year, up from 26 billion euros a year earlier. Ikea does not release quarterly figures.
Ikea Group CEO Mikael Ohlsson said most growth last year was in China, Russia and Poland, closely followed by the United States and Germany.
Ikea has 338 stores employing 154,000 people in more than 40 countries. The new outlets will mainly be in Asia.
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