IKEA Hungary sales climb almost 12%

Retail

Peter Gudella / Shutterstock.com

Sales in Hungary of Swedish home furnishings giant IKEA rose almost 12% to HUF 109 billion in its business year ended August 31, IKEA Magyarország said on Thursday, according to a report by state news wire MTI.

IKEA's online sales in Hungary increased 6% and accounted for 19.3% of total turnover.

The average online purchase came to HUF 55,968 in 2021, more than double the HUF 24,055 average purchase at IKEA's brick-and-mortar businesses.

Around 7 million shoppers visited IKEA's stores in Hungary last year. About 2.8 million of them ate at IKEA's in-store restaurants, consuming 469,000 Swedish meatballs.

Scope Assigns MOL BBB- Issuer Rating Ratings

Scope Assigns MOL BBB- Issuer Rating

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

AutoWallis Becomes Importer of Geely Group’s Commercial EV B... Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV B...

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.