Business Irish

Friday 15 December 2017

€2m spent each week at Ikea


Gordon Deegan

Our love of all things Ikea blossomed even more last year - as 2.4 million of us went through the doors of the Ballymun store, spending more than €2m every week.

New figures lodged by Ikea Ireland Ltd show that pre-tax profits at its only Irish store last year jumped by 22pc, going from €5.8m to €7.1m.

The accounts lodged with the Companies Office by Ikea Ireland Ltd show that the increased spend on the likes of Ikea's Lack tables and Expedit shelving units helped increase revenues by 8pc, going from €103.9m to €112.7m.

In a sure sign of the turnaround in the economy, the numbers going through the doors of Ikea in Ballymun last year jumped by 100,000 to 2.4 million.

Ikea Dublin Store Manager, Marsha Smith, said yesterday: "We are pleased to have seen positive growth in Ireland in financial year 2014. What is really encouraging is that this growth has come from our existing store, not relying on bricks-and-mortar expansion."

Irish Independent

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