NETHERLANDS - The IKEA Group reported total retail sales of USD 40.2 billion (EUR 34.1 billion) for fiscal year 2017 which ended on August 31st. Adjusted for currency impact IKEA Group’s retail sales increased by 3.8 percent during the year.

IKEA Group, the largest retailer in the IKEA franchise system, owns and operates 355 IKEA stores in 29 countries. During the year, 149,000 co-workers welcomed 817 million visits to IKEA Group stores and more than 2.1 billion visits to IKEA.com.

”We will use our stable financial situation to invest in meeting the needs of our customers even better. I spent my first month as CEO of the company visiting our stores in several countries to listen and learn from co-workers and customers. Now I’m even more convinced that we are on the right track to become fully accessible to our customers,” says Jesper Brodin, President and CEO of IKEA Group since 1 September 2017.

During the past year, IKEA Group has continued to improve the customer offer with new store formats, shorter lead times and improved distribution solutions. An example of this transformation is the recent IKEA Group acquisition of TaskRabbit, an on-demand service platform, providing more flexible and accessible services for customers.