IKEA Posts Record Sales Despite Supply-Chain Disruptions

by | Oct 13, 2022 | Business

IKEA stores reported record annual sales despite global supply-chain disruptions and fast-rising costs, in what the company said was a sign of the Swedish brand’s appeal in uncertain economic times.Sales rose 6.5% to 44.6 billion euros, equivalent to $43.3 billion, in the 12 months to Aug. 31 compared with the year-earlier period, Inter IKEA Holding BV said Thursday. Inter IKEA owns the IKEA brand, develops its products and manages its supply chain, stores are operated separately by franchisees.

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