Ikea online retail sales increased 45% this year

Ikea published today some facts and figures for financial year 2020 (FY20). The financial year runs from 1 September to 31 August.

Online retail sales increased 45% this year, and the Ikea website registered four billion visits. E-commerce expanded to three new markets, including China.

Ikea retail sales reached EUR 39.6 billion, compared to EUR 41.3 billion in FY19 and the number of employees reached 217.000, compared to 211.000 in FY19.

This year’s edition of the IKEA catalogue marks its 70th birthday. 

During financial year 21, Ikea will expand to new markets like Mexico and the Philippines. Several locations will also open in existing markets.

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