Ikea crosses RS 400-crore sales mark in first year


December 2, 2019

Written By Sagar Malviya, ET Bureau

MUMBAI: The world’s biggest furniture retailer Ikea sold goods worth about Rs 2 crore every day on an average in its first year of operations, crossing Rs 400 crore in FY19 total revenue from its maiden store opened last August. This is a revenue record for any brand in the country from just one store -and in its debut year – in a market otherwise considered extremely value conscious.

Source: economictimes