{"id":2134,"date":"2020-10-08T01:00:54","date_gmt":"2020-10-08T01:00:54","guid":{"rendered":"https:\/\/businessner.com\/?p=2134"},"modified":"2022-04-27T10:07:45","modified_gmt":"2022-04-27T10:07:45","slug":"ikea-reports-45-online-sales-increase-as-homes-transform-into-offices","status":"publish","type":"post","link":"https:\/\/businessner.com\/ikea-reports-45-online-sales-increase-as-homes-transform-into-offices\/","title":{"rendered":"IKEA Reports 45% Online Sales Increase as Homes Transform into Offices"},"content":{"rendered":"
With many families renovating various spaces in their homes into office and study areas, Swedish home improvement company IKEA reported a 45% boost in online retail sales profits.<\/p>\n
While the boost in online retail sales has been promising, the company\u2019s profits reported a slight dip due to the coronavirus pandemic as it posted a 39.6 billion euros for the 2020 financial year compared to the 41.3 billion euros reported for the 2019 financial year.<\/p>\n
However, the company said retail sales are recovering quickly as many stores re-open and are well covered by the high online sales.<\/p>\n
The financial year report covers the period of September 1, 2019, to August 31, 2020, including data from IKEA franchisees.<\/p>\n