IKEA sales grow 3.1 pct in fiscal year 2012/13

Reuters

STOCKHOLM, Oct 14 (Reuters) - IKEA, the world's largestfurniture retailer, said on Monday it had gained market share innearly all markets to lift sales 3.1 percent in its fiscal year2012/13.

In the twelve month period ended Aug. 31, IKEA sales rose to27.9 billion euros, the company said in statement. Sales incomparable stores grew 1.8 percent in the same period, it added.

Privately held Swedish IKEA, famous for its self-build flatpacks and huge stores, last year set a target to double sales toaround 50 billion euros ($67.8 billion) by 2020.

There are more than 300 IKEA stores globally, which werevisited by 690 million people in the year. IKEA employs 139,000people in about 40 countries.

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