IKEA grew 3% CAGR 2017~2020. 2020 was an extremely challenging year with a greater than 10% decline pressure from periods with enforced store closures in the core Western European markets. Extremely fast efforts in scaling online sales fulfilment infrastructure permitted IKEA to post a -4% result in financial year end August 2020.Strategy has shifted to focus on smaller urban stores, service better those who are working-from-home, and home furnishings addressing wellness
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Euromonitor International's report on Inter IKEA Systems BV delivers a detailed strategic analysis of the company's business, examining its performance in the Home and Garden market and the global economy. Company and market share data provide a detailed look at the financial position of Inter IKEA Systems BV, while in-depth qualitative analysis will help you understand the brand strategy and growth prospects of Inter IKEA Systems BV.
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This project has a strict focus on sales to consumers only. Trade and professional sales are excluded. Home and garden refers to gardening, home improvement, homewares and home furnishings.See All of Our Definitions
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