Ikea records sixth consecutive year of growth in the UK

An Ikea store in the UK

An Ikea store in the UK

Ikea has another cause for celebration other than its 30th anniversary in the United Kingdom this year, with the homewares and furniture retailer recording its sixth consecutive year of growth in its latest full year report.

For the year ended 31 August, Ikea's sales in the United Kingdom rose 5.8 per cent to £1.8bn, the sixth consecutive year of sales growth for the firm.

It plans to almost double this to 15 per cent by 2027.

The firm is celebrating its 30th anniversary in the United Kingdom this year. Two more stores are due to open this year. Improving the online shopping experience with a new website has also paid off (sales +10 per cent), with online now accounting for 15 per cent of total sales.

"In addition to our global acquisition of TaskRabbit, we also launched click-and-collect in all order and collection points", added Gillian Drakeford, Ikea's United Kingdom retail manager.

"As well as opening new stores we are enhancing our existing ones". In total, 57.2 million people visited IKEA stores in FY17, resulting in a sales uplift of +5.7 per cent.

"We have expanded our service proposition, providing our customers with more choice and convenience".

"In addition to our global acquisition of TaskRabbit, we launched click and collect in all Order and Collection points".

Ikea says it created 1,000 new jobs a year ago, bringing its total number of United Kingdom workers to 10,900.

"By putting people at the heart of our business, we can create an even better experience for our customers".

She added: "We're thrilled to have achieved these results while investing in our people, contributing positively to the United Kingdom society and making Ikea more accessible".

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