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FINANCIAL NEWS
Sweden’s Ikea UAE sales up 17% in August
07 Sep 2011
(MENAFN) Ikea’s general manager in the UAE, Egypt and Qatar, Mile Franicevic, said that due to higher shopping in the Eid period, in August, the company’s sales in the UAE grew 17 percent from the same period a year ago, reported The National.
Franicevic added that sales in Abu Dhabi’s store surged 60 percent in the Eid’s period compared with last year, whereas they increased 30 percent in August, moreover, sales in the Dubai store went up 10 percent in the month from 2010’s same period.
He also said that in the month, the retailer spent millions of dollars in order to launch its catalogues and to deliver them to around 700,000 homes across the Emirates.
It is worth noting that Ikea, the Swedish furniture giant, is managed by Al-Futtaim group in the Middle East.
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