Ikea sees the annual UK sales top £1.8 bn

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Swedish flatpack furniture retailer Ikea says, reaching a total of sales for the UNITED kingdom to € 1.814 billion euros in the UNITED kingdom for the fiscal year ended August 31, 2017.

That was 5.8% more than in the previous year, and was the sixth consecutive year of UK growth.

Market share was up 0.5%, bringing the retailer a step forward for its ambition to increase the overall market share of 15% by the year 2027.

The company celebrates its 30th anniversary in the UK this year.

The company has recently opened stories, Reading and Sheffield, and plans to open two more stores in Exeter and Greenwich, south-east London, during the next year.

A new website was also launched during the last financial year, with online now accounting for 15% of the total sales.

“In addition to our acquisition of TaskRabbit, we also launched click and collect in all orders, and collection points, he added,” Gillian Drakeford, Ikea UK retail manager.

The company has added 1,000 new jobs during the year, bringing employee numbers 10,900. About 850 jobs will be added when the two new shops open this year.