THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Omnichannel Futures Conference 2020
Online Conversion Summit 2020
Future of Retail Marketing 2020
The HR Summit 2020
AI in Retail Conference 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
IKEA achieves sixth consecutive year of UK growth

Home furnishings retailer IKEA has increased its UK total sales by 5.8% to £1.814 billion in the year to 31 August to mark its sixth consecutive year of… View Article

HOME & DIY

IKEA achieves sixth consecutive year of UK growth

Home furnishings retailer IKEA has increased its UK total sales by 5.8% to £1.814 billion in the year to 31 August to mark its sixth consecutive year of growth.

The retailer has also said that it has grown its market share by 0.5% to bring it one step closer to its ambition of increasing overall market share to 15% by 2027. 
 
Gillian Drakeford, IKEA UK country retail manager, said: “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. This is testament to the talent of our co-workers and our ambition to inspire customers  with the best possible experience.”

IKEA said the growth was partly driven by improved accessibility and its service proposition. Having recently opened stores in Reading and Sheffield, IKEA plans to open two more stores in Exeter and Greenwich during the coming year. It has also introduced a new website which has helped to increase online sales by 10%.

Drakeford continued: “We have ambitious expansion plans for the UK and are committed to making IKEA more accessible to the many people. As well as opening new stores, we are also enhancing existing stores. Half way through the year we refurbished all living room departments in preparation for this year’s ‘Make Room for Life’ campaign and we are already seeing a great response to this. We also rebuilt many of our self-serve areas by creating wider aisles so that it’s a safer and more pleasant shopping experience for customers.”
 
IKEA created 1,000 new jobs in the year bringing its total number of staff to 10,900. The new Exeter and Greenwich stores will create a further 850 positions.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Online Conversion Summit 2020
Online Conversion Summit 2020
April 30 2020
The Hallam Conference Centre, London W1W 6JJ
The Retail Bulletin Online Conversion Summit 2020 Partnered by IMRG
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, 44 Hallam St, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2020
AI in Retail Conference 2020
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY