retail figures

Ikea sales down by 6% last year

Swedish home accessories retailer posts €44m in profits in 2013

An Ikea store in San Sebastián de los Reyes, in Madrid.
An Ikea store in San Sebastián de los Reyes, in Madrid.Claudio Álvarez

After years of high demand, Ikea saw its sales drop in 2013 for the first time since the crisis began.

IKEA Ibérica – the Spanish affiliate of the Swedish home furniture and accessories company – reported that its combined store sales throughout the nation dropped by 6% last year, closing at €1.070 billion at the end of the most recent auditing period, which ended on August 31.

Sales only grew in Barcelona, where Ikea opened a new outlet in Sabadell. Figures for the province show that sales rose 2.2 percent, or €289 million.

Madrid still continues to be IKEA Ibérica’s biggest market despite an 8.9-percent drop in sales last year. The company reported big losses in A Coruña, Asturias, Jerez and Seville.

With weaker sales, IKEA Ibérica reported a 44-percent drop in profits from the previous year; some €46 million less. The Spanish affiliate paid a €40-million dividend to its parent company.

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