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IKEA hits record sales: Online boom makes tailors sizzle

IKEA hits record sales: Online boom makes tailors sizzle

Fabio Geiger and Ulrich Rötzinger

People rarely spend as much time at home as they did last year – and renovate their interiors. Much requested by Ikea. The Swiss branch of the Swedish furniture store achieved a record result in the last financial year.

IKEA Switzerland generated sales of 1.227 billion Swiss francs in the last fiscal year (until the end of August 2021). A full 7 percent increase compared to 2020. And that’s despite the six-week coronavirus shutdown at the start of 2021. Online business has grown particularly strongly: plus 23.3 percent!