IKEA UK’s sales were up by 13 per cent for the year to August 31st ’22, reaching over £2.2bn. The re-opening of stores post-lockdown made a significant contribution to the result as did the retailer’s price increases introduced as a result of rising costs in its global supply chain. The business had also opened its first high street store in Hammersmith, West London.
Peter Jekelby, UK head, said: “We saw consumers returning to our stores while online sales remained strong with high demand for a convenient shopping experience. To meet these needs, we opened our first small store on the high street, created new ways to meet customers remotely and in-store, and launched new ways to deliver orders. With a variety of stores, service offers and digital solutions that complement each order, our aim is to be there for our customers, however, they want to meet us.”
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