Ikea furnishes strong results despite pandemic

Ikea furnishes strong results despite pandemic

STOCKHOLM: Consumers continued to spend strongly to furnish their homes despite the coronavirus pandemic, the holding company that includes most Ikea stores said Tuesday. Ingka, which includes shops that account for 90 percent of sales by the Swedish flat-pack furniture giant, suffered only a 5.0 percent drop in revenue for its September 2019-August 2020 financial … Read more