The Sales per square feet of Inter Ikea Systems BV in United Arab Emirates reached USD 630.41 in 2020
The indicator recorded a historical growth (CAGR) of 4.19% between 2017 to 2020
Inter IKEA Systems BV
Inter IKEA Systems B.V. (IKEA) is a franchiser of IKEA Holding S.A., manufactures, distributes and retails furniture and home decor products. The company performs in four basic areas including range strategy and product development, production, supply and retail. Its product portfolio includes beds and mattresses, decoration materials, flooring, lightings, mirrors and furniture for living room, bedroom and kitchen, storage and textiles.
It also retails food products and operates restaurants. The services offered by the company include pick-up and delivery, assembly and installation, kitchen planning and furniture recycling. IKEA sells its merchandise through company-owned stores and catalogs. It also retails its merchandise online at www.ikea.com. The company operates retail stores apart from service trading offices, distribution centers and customer distribution centers in various countries spread across North America, Europe, Asia and Australia. IKEA is headquartered in Leiden, the Netherlands.
The COVID-19 pandemic has taken a heavy toll on the global retail industry in 2020. Though a few markets registered recovery in their economy earlier than others, the pandemic will continue to have a sustained impact on general consumption patterns.
COVID-19 has caused social, political as well as economic uncertainty. Its impact on the world economy, leading to job losses and GDP declines, will affect retail industry dynamics in the long term.
Retail stores and suppliers have faced significant challenges amid COVID-19. Order cancellations and a limited workforce have heightened issues related to cash flow and logistics throughout their supply chain. Food & grocery retailers struggled to meet the heightened demand for online deliveries, while clothing & footwear retailers were the biggest casualties from nonessential retail lockdowns as events and social gatherings halted.
Retailers are adopting new strategies for better digitization of stores and digital channel expansion.
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