The Swedish-based home furnishings retailer said it increased its overall sales in Canada by 10.4 per cent to $1.795-billion in its fiscal year ended Aug. 31, including online sales of $103-million.NEIL HALL/Reuters
IKEA Canada president Stefan Sjostrand has ambitious plans for this country.
Mr. Sjostrand said on Thursday IKEA will double its current store count of 12 mega-outlets and double its annual sales of almost $1.8-billion in a decade.
His bullish plans come as other retailers, such as electronics specialist Best Buy and office supply purveyor Staples, close or downsize stores as more customers shift to shopping online. IKEA said its online sales jumped 40 per cent in the past year. And it opened five smaller e-commerce pick-up and order centres in Ontario and Quebec and plans more.
The Swedish-based home furnishings retailer said it increased its overall sales in Canada by 10.4 per cent to $1.795-billion in its fiscal year ended Aug. 31, including online sales of $103-million. It said shopper visits to stores increased 4 per cent while visits online grew 26 per cent in the past year.
IKEA spokeswoman Stephanie Kerr said the chain wants to double the number of "regular" stores in the next 10 years and launch more of the smaller pick-up and order centres. "We want to double the sales as well."