Ikea FY Net Up; U.S. Same-Store Sales Climb

IKEACONSHOHOCKEN, Pa.-In an atmosphere of healthier consumer spending, Ikea posted a 3.1 percent increase in overall net income for fiscal-year 2013, to EUR3.3 billion ($4.2 billion).

The home furnishings retailer said improved consumer spending fueled its results in several international markets--including the United States, where same-store sales for the fiscal year rose 6.7 percent. Ikea also enjoyed strong growth in China and Russia, according to a statement from the retailer. Its fiscal year ended last Aug. 31.

"Consumer spending is improving in many countries," said Ikea's president and CEO, Peter Agnefjall. "Important consumer markets such as the U.S. are coming back, and Europe in general is starting to recover."

Overall net sales also gained 3.1 percent to a total of EUR27.9 billion ($36.2 billion), with the United States again one of the top markets. Ikea said it gained market share in almost all of its markets.

The company also said it is aiming to reach EUR50 billion ($65 billion) in sales by 2020. "We'll keep developing better products at lower prices, improving the shopping experience and becoming more accessible to our customers, for example, through an improved service offer, e-commerce and continued expansion," Agnefjall said.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.