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Ikea to add 200 stores by 2020 Thursday, 25th October 2012
Photo credit: Ikea
The world’s largest furniture retailer expects it revenue to grow by as much as 85 per cent in the next eight years, as it looks to add 200 units worldwide by 2020.
According to a report by NASDAQ, Ikea expects revenue to increase to EUR 45 billion to EUR 50 billion by 2020, up from EUR 26.9 billion for its most recent year end in August.
The Swedish retailer already has nearly 300 stores in 25 countries across the globe, opening its first stores in Croatia and Lithuania in 2013.
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Posted in Franchise & Expansion, Home & DIY News Tagged ikea, home, furniture, growth, expansion, global, 2020, stores, sweden
