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IKEA Philippines books P8.7 billion in sales

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="IKEA Philippines shares an updated photo of its almost completed branch located at the Mall of Asia Complex. Photo: IKEA Philippines" Official="" Facebook="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/news/09/14/ikea.jpg"/><figcaption>IKEA Philippines shares an updated photo of its almost completed branch located at the Mall of Asia Complex. <em>Photo: IKEA Philippines&#x27; Official Facebook Page</em></figcaption></figure></div><p>MANILA -- IKEA Philippines reported P8.7 billion in total sales in its latest financial year that ended on August 31. </p><p>Its franchisee and operator Ikano Retail said revenues jumped 28.3 percent from last year&#x27;s figures.</p><p>In a statement posted on its website, Ikano Retail said that 601,931 IKEA Family members in the Philippines accounted for 53 percent of total sales in the country. </p><p>The franchisee also said 8.3 million meat, plant, chicken, and vegetable balls were sold in the Philippines. </p><p>Ikano also said that 17 million of the 118.4 million visits to IKEA websites across their markets came from the Philippines.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/life/03/07/23/ikea-urges-customers-to-be-vigilant-vs-fake-websites">IKEA urges customers to be vigilant vs fake websites</a></li></ul><p>Meanwhile, Ikano Retail, which also operates IKEA stores in Singapore, Malaysia, Thailand and Mexico, posted €1.8 billion (or P65.4 billion) total turnover in its fiscal year.</p><p>‘’It continues to be tough economic times for all retailers, including us, with higher costs all along our value chain, inflation, and a more cautious consumer sentiment,&quot; said Ikano Retail chief executive officer Christian Roejkjaer.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/11/22/ikea-philippines-says-balancing-prices-as-inflation-soars">IKEA Philippines says &#x27;balancing&#x27; prices as inflation quickens</a></li></ul><p>Across its 13 stores, chest drawers, bookcases, and wardrobes were the best-selling items, according to Ikano Retail. </p><p>They said they also sold 5.5 million plates, side plates, and bowls sold from their OFTAS collection throughout the year. </p><div><strong>FROM THE ARCHIVES:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1826570" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

IKEA franchisee and operator Ikano Retail said revenues jumped 28.3 percent from last year's figures.