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Window Shopping: retail business briefs for Jan, 24

Window Shopping: retail business briefs for Jan, 24
by Jennifer Palmer Modified: January 23, 2013 at 9:54 pm •  Published: January 24, 2013

Ikea plans global expansion

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 $4.3 billion. The world's largest furniture retailer on Wednesday reported revenue of $36.5 billion for the 2012 fiscal year, up from $34.5 billion a year earlier. The company does not release quarterly figures. Ikea Group CEO Mikael Ohlsson said most growth last year was in China, Russia and Poland, closely followed by the United States and Germany. The Sweden-based company has 338 stores employing some 154,000 people in more than 40 countries.

From staff and wire reports

by Jennifer Palmer
Investigative Reporter
Jennifer Palmer joined The Oklahoman staff in 2008 and, after five years on the business desk, is now digging deeper through investigative work. She's been recognized with awards in public service reporting and personal column writing. Prior to...
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