>>
Home / Knowledge / News / Textiles / FY16 UK sales up 8.5% at home furnishings retailer Ikea
FY16 UK sales up 8.5% at home furnishings retailer Ikea
02
Dec '16
For the twelve months to August 31, 2016, sales at home furnishing retailer Ikea totalled £1.72 billion in the UK, up 8.9 per cent over the prior fiscal, thereby recording the fifth consecutive fiscal of sales growth. The home furnishings retailer also strengthened its market share by a further 0.5 per cent to 8.2 per cent in the country.

Online sales also surged 31 per cent in fiscal 2016, following a double digit growth in the earlier fiscal, while footfalls in its stores also increased 3 per cent year on year in the fiscal under review.

According to Ikea, the growth in both sales and market share will help it meet its goal of doubling the size of the UK business by 2020.

In the reporting period, the retailer IKEA also trialled a new format in the UK and opened four 'Order and Collection' Points.

“As part of our ambition to become a truly multichannel retailer, we launched a new website to provide an improved online experience for our customers as well as further connecting the online and offline channels”, UK retail manager Gillian Drakeford said.

“Our stores and website have a different, although integrated, role to play. Our customers are increasingly using both channels to complete their purchasing journey so we've focused on ensuring this experience is as seamless as possible,” he added. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Dreamstime.com

Textiles | On 22nd May 2022

China raises support for economic growth by cutting lending rate

China recently cut the market-based benchmark lending rate to shore...

Pic Andrey Sirant | Dreamstime.com

Textiles | On 22nd May 2022

CPTPP helps boost Vietnam-Australia trade, investment cooperation

The Comprehensive and Progressive Agreement for Trans-Pacific...

Pic. Shutterstock

E-commerce | On 22nd May 2022

Strong momentum in China's cross-border e-com, rises 18.6% YoY in 2021

China's cross-border e-commerce has rapidly grown in the last few...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Ankur Bhatia,

Ankur Bhatia

Columbia Sportswear Company connects active people with their passions...

Ahammed Ali Babu,

Ahammed Ali Babu

With its expertise in spinning, knitting, printing and embroidery, Blue...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Kamal Khushlani, Mufti

Kamal Khushlani
Mufti

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Under Armour Global Sourcing Ltd
Walmart
Inter Expo Center Ltd.
Meera Dyestuff Industries
Gatsby Africa
Coats Digital Limited
Eastman Chemical Company
FESPA (Reigate)
OVS Hong Kong Sourcing Ltd.
THE BOMBAY DYEING ;& MFG.CO. LTD
Gap International Sourcing Limited
Stahl Holdings B.V.,
GERBER TECHNOLOGY LTD.
KAS Direct Sourcing
USTER
Etam Group Strategy Hong Kong Limited
KIABI
Loris Bellini S.r.l.
Jindal Worldwide Limited
COTTON COUNCIL INTERNATIONAL
Gokaldas Exports Limited
TESCO INTERNATIONAL SOURCING LIMITED
Applied DNA Sciences Inc
Shima Seiki Mfg. Ltd.
Arvind Limited
Zünd Systemtechnik AG
SHAHI Exports Pvt Ltd
Lacoste (Wanchai)
UBM China (Shanghai)
Huntsman (Singapore) Pte Ltd
Grasim Industries Limited
Indofil Industries Limited - Specialty & Performance Chemicals Division
GHCL LIMITED
Thai Trade Center
TESTEX AG, Swiss Textile Testing Institute
Boardriders Asia Sourcing Limited
Restoque S.A.
Saurer Textile Solutions Pvt. Ltd.
IKEA of Sweden AB
Abit
Page Industries Limited (Bangalore)
Palexpo SA
Officina Meccanica Dora Enrico Srl
Asos
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Eurofins BLC Leather Technology Centre Ltd
TEXVALLEY MARKET LIMITED
Permoda(Koaj/Armi/Pronto/Bkul)
C;&A Sourcing International Ltd
K AND D ITMACH EXPOSITIONS LLP
LC Waikiki
Cat Tuong Real Estate Group Joint Stock Company
Marzoli Machines Textile s.r.l.
TÜYAP IHTISAS FUARLARI A.S.
Lenzing Aktiengesellschaft
Thai Acrylic Fibre Company Limited
Aramark Uniform ;& Career Apparel, LLC
J ;& P Coats
Decathlon
Jiangsu Yingyang Nonwoven Machinery Company Limited
Chico’ FAS
Infor (Hong Kong) Limited
Pt. Peraga Nusantara Jaya Sakti
Lottmann Communications
Hirdaramani International Export Private Limited
GIOVANNI BOZZETTO S.p.A.
Istanbul Fuarcilik A.S.
Tradewind International Servicing
SYNERGIES HONG KONG LIMITED
Datatex Consulting Srl
IIGM Private Limited
The LYCRA Company Singapore  Pte. Ltd
Haelixa AG
Desigual - ABASIC, S.A.
APLF Limited
Groz-Beckert KG
Brückner Trockentechnik GmbH & Co. KG
Woolmark Services India Pvt. Ltd.
NITI Aayog
Lululemon Athletica Inc
Itema Weaving (India) Private Limited
Esprit Europe Services GmbH
Lenzing Aktiengesellschaft - India
Groz-Beckert East Asia LLP
Kern – Liebers Textile
ZAITEX spa
BRINKMANN GMBH
Performance Days
NV Michel Van de Wiele
Comasia Limited
The LYCRA Company Singapore  Pte. Ltd
DyStar India Pvt. Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Italian Trade Commission
Tchibo GmbH
EMBEE CORPORATION
Seasalt Limited
International Sourcing Expo Australia
Bluestem Global Sourcing Limited
Tommy Hilfiger
Lisa S.P.A.
Aquarelle Clothing Limited
Nihalani Events Management
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Aleph Srl
T.T. Limited
Datacolor AG Europe
Tuyap Tum Fuarcilik Yapim A.S.
Flainox S.r.l.
G-Star Raw C.V.
BIMBA ;& LOLA SL
Lectra Technologies India Pvt Ltd.
Alison Hayes Romania
Sportmaster Ltd.
Bluesign Technologies Ag
Savio Macchine Tessili S.P.A.
G.A.S. unternehmenskommunikation gmbh
Truetzschler India Private Limited
Color Service s.r.l.
Newtech Textile Technology Development (Shanghai) Company Limited
Recron Polyester from Reliance Industries Limited
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Sportswear Company Spa
VNU Exhibitions Asia
N9 World Technologies Private Limited
CSGIA(China Screen Printing & Graphic Imaging Association)
Alix Partners
Xtema - Thomas Lebherz Textilmaschinen
Splash
International Textile Manufacturers Federation
Babyshop
Puma
FULGAR SpA
PVH Corporation
Zydex Industries
Gloria Jeans
Guess Europe Sagl,
Rieter India Private Limited
Thermore (Far East) Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
IFF Media Ag - International Media Services
Shanghai  Aige Exhibition Service Co., Ltd
Karl Mayer Textilmaschinenfabrik GmbH
Phong Phu international JSC (PPJ)
X-Rite Asia Pacific Limited (HK)
Landmark Group
Helly Hansen Far East Ltd
Brandix Lanka Limited
The Top Form Brassiere Manufacturing Company Limited
Weitmann & Konrad GmbH & Co. KG
Colours India Inc
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Nandan Denim Limited
Recron Polyester from Reliance Industries Limited
EUROVET ASIA LTD
Target Corporation (MN)
Lifestyle
DuPont de Nemours, Inc.,
Varner AS Retail
Benetton Group
Rayonese Textile Inc., Division de Culp Inc.
Hela Clothing Pvt Ltd
Messe Frankfurt Exhibition GmbH
Maceton Limited
Vianney Textil Hogar S.A. De C.V.
Copenhagen Fashion Summit
Messe Duesseldorf
Calvin Klein
Indo Tex
Mayer & Cie. GmbH & Co. KG
EPCH
Equinox Impex India
Chori Company Limited
Vardhman Textile Ltd
CGS Inc.
H. Stoll AG & Company KG
ITMA Services Pte Ltd
Green Fibre
JES MEDIA, INC
Sainsbury's Argos Asia Limited
Taiwan Textile Federation (TTF)
IDH – The Sustainable Trade Initiative
Mesdan SPA
Amazon China
Midas Clothing Limited
BIANCA
John Varvatos
China World International Exhibition Company Limited
Kornit Digital Asia Pacific Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Centric Software
BTSR International S.P.A.
H;&M Hennes ;& Mauritz (Far East) Ltd
Rosset ;& Cia Limited
Tory Burch Hong Kong Ltd
BTC Textiles LLC
Dow Silicones Corporation
Reiter India Private Limited

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search