IKEA, the Swedish furniture giant, expects to increase revenue as much as 85% by 2020, as well as more than double the number of people who walk through its doors on an annual basis.
IKEA said it plans to generate between €45 billion and €50 billion ($58.8 billion to $65.3 billion) in annual revenue, up from an estimated €26.9 billion in the most recent fiscal year ended Aug. 31. Over the same period, it says, its store count will increase to around 500 from about 300 now.
The company’s new estimates, which were contained in a sustainability report it released .
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