Ikea Profit
Ikea ikea is an internationally known home furnishing retailer.
Ikea profit. It has grown rapidly since it was founded in 1943. Franchisees pay a proportion of annual sales to the brand owner inter ikea. In 2019 the global revenue generated by ikea was 41 3. Ikea is a nonprofit dedicated to furthering the advancement of architecture and interior design a cause they give a pittance of 2 million or so to a year.
Ikea franchisees purchased more than 39 2 million cubic metres of ikea products from inter ikea group in fy19 compared to 38 4 million cubic metres in fy18. In 2019 the global gross profit of ikea amounted to about 12 4 billion euros. Inter ikea group also owns and operates one ikea store in delft the netherlands. Ikea aɪ ˈ k iː ə eye kee ə swedish.
Ikea stores worldwide are owned by 11 franchisees of which ingka is the biggest with 367 stores. In 2019 ikea s profits fell by 10 as it increased its spending on renewable energy and made new investments in its online operation. To offer a wide range of home furnishing items of good design and function excellent quality and durability at prices so low that the majority of people can afford to buy them.