IKEA’s sales up by 14 percent

Sales revenue of IKEA Retail Polska increased by 14 percent year-on-year reaching PLN 2.38 billion in the fiscal year ending on August 31, the company said in a statement. Over that period, the company recorded footfall of 23 million across its Polish stores, half of which resulted in purchases. Poland has been the fastest growing market in Europe for IKEA for the past four years and the third one in the world. “Last year proved very good for IKEA in Poland. … Poland remains one of the most promising markets for IKEA in the world.” said Evelyn Highler, CEO of IKEA Retail in Poland. She added that the company is planning to increase its revenue to PLN 16 billion over the next 20 years, which is an eight-fold bump. The Swedish retailer is also going to open new stores across Poland. In mid-2015 it is scheduled to open one in Bydgoszcz.