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January 24, 2013
Ikea to open 25 new stores by 2020
STOCKHOLM (AP) — Ikea says it plans to open 25 new outlets and recruit 75,000 more workers overall by 2020, as its global market share last year increased with annual net profit growing 8 percent to 3.2 billion euros ($4.3 billion U.S.).
The world's largest furniture retailer on Wednesday reported revenue of 27.5 billion euros for the 2012 fiscal year, up from 26 billion euros a year earlier. The company does not release quarterly figures.
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