Ikea cheers 'incredible year' as international expansion boosts sales

Total store turnover, comprising sales of both products and services, rose 1.3 percent to 38.8 billion euros from 38.3 billion euros a year earlier, the company said in a statement. Adjusted for currency impact, sales were up 4.5 percent at its over 400 worldwide stores. Best known for its low-cost flat-pack furniture and sprawling out-of-town stores, Ikea opened 19 new outlets around the globe, including its first in India and Latvia in August. It is now present in over 50 markets worldwide. Ikea announced it will open its first store in the Ukraine in 2019, and it plans to bring its products to South America for the first time with openings "soon" in Chile, Colombia and Peru. The company's results were also helped by rising online sales. Ikea's websites received 2.5 billion visits, an 8.7 percent jump over its previous fiscal year. - -



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