Ikea global retail boss Tolga Öncü is feeling chipper after finishing its last financial year on a high. Operating profits edged up 4% from £1.8bn (€2.2bn) to £1.9bn (€2.3bn) in the year ...
Revenues for Ingka Group were down 5.5% from last year, at 41.8 billion euros, including IKEA retail sales of 39.6 billion euros, but the company said lower prices helped to drive store footfall ...
Price cuts impacted Inter IKEA's wholesale sales to retailers and also hit Inter IKEA's franchise fee of 3% of net sales that it collects from them. Still, net profit jumped to 2.2 billion euros ...