IKEA UK has today announced continued growth, with sales up by 11.9% for the 2023 financial year compared to FY22, generating a turnover of £2.46bn. As the popularity of online shopping continues to grow, IKEA UK opened a multi-million-pound distribution centre in Dartford, with the capacity to deliver one million orders annually. In all, FY23 saw 1m new visits to IKEA UK stores – an uplift of 2.2%. In FY23, sales of PPP products increased by 42% on the previous year, representing almost a third (31.8%) of overall sales for FY23, compared to a 24.6% share in FY22. As customers look to enhance their quality of life at home, health and wellness trends also impacted purchases.

Source: The Times October 12, 2023 14:51 UTC