Tag: furnishings

‘Challenging’ year for Ikea, 10,000 layoffs in Russia

  Stockholm, Sweden | AFP | Swedish furniture giant Ikea posted a six percent rise in full-year sales on Thursday, in what it described as a “challenging” year due to inflation and scaling back in Russia. Following Russia’s invasion of Ukraine, Ikea closed its 17 shops and halted production in the country, where it was one of the largest Western employers before the war with 15,000 employees. According to Dutch holding company Inter Ikea’s CEO […]