Inter Ikea Group recorded a 1% decline in total retail sales for the financial year 2025 (FY25) that ended on 31 August.
The company reported total sales of €44.6bn ($52.27bn), compared with €45.1bn in FY24.
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Despite the decline in revenue, sales volumes and customer numbers rose 3%, supported by price reductions introduced in the previous financial year.
The company has invested in lowering prices by an average of 10% since 2023 to improve affordability, which contributed to higher volumes and customer engagement.
In FY25, Ikea opened 66 new locations worldwide, including both smaller-format outlets and full-size stores.
Store visits reached 915 million, up from 899 million in FY24 – the fifth consecutive year of growth.
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By GlobalDataOnline sales represented 28% of total turnover, underscoring the continued expansion of the retailer’s e-commerce operations.
The group also announced plans to enter Panama and Costa Rica, extending its footprint across the Americas.
The commercial focus for the year was on bedroom-related products such as furniture, textiles and accessories.
Furniture sales, particularly in storage and kitchen categories, performed strongly, with established European markets leading results.
Inter Ikea Group Abrahamsson Ring CEO stated: “Making Ikea more affordable for the many people is central to who we are. Our long-term approach has allowed us to reduce prices by 10% over the past two years. Now we see the results in higher volumes and more customers.
“Since 2020, Ikea sales have grown faster than the overall home furnishing market, resulting in increased market share. During that time, we’ve worked hard to offset inflation while continuing to transform the Ikea business. We are helping more people by making our products even more affordable for the many people.”
Ingka Group, the largest Ikea franchise operator with stores across 31 countries, posted a 1.6% decline to €39bn in retail sales attributed to reduced prices, even though unit sales rose by 1.6%.
Ingka accounts for 87% of Ikea’s global retail turnover.
In early October 2025, Ingka Investments, a unit of Ingka Group, acquired US-based logistics technology company Locus.
The financial terms of the deal were not revealed.
Ikea believed that the deal strengthened its digital capabilities and would make shopping and delivery easier for its customers.
