Ikea, Cost of living crisis, Australia news, Business, Retail industry Business | The Guardian
Retailer reports 5% growth in restaurant and food business, with affordable meals attracting Australians feeling the pinchGet our breaking news email, free app or daily news podcastIt’s not unusual for a trip through one of Ikea’s labyrinthine stores to end with a $2 hotdog, but more Australians are skipping the flat-pack furniture altogether and heading straight to the dining section.Ikea is seeing more growth from its in-store restaurants and food offerings than its home furnishings, according to its end-of-year results released last week, with its dining sales increasing by 5% in 2023-24 even as overall sales slumped.Sign up for Guardian Australia’s breaking news email Continue reading…
Retailer reports 5% growth in restaurant and food business, with affordable meals attracting Australians feeling the pinch
- Get our breaking news email, free app or daily news podcast
It’s not unusual for a trip through one of Ikea’s labyrinthine stores to end with a $2 hotdog, but more Australians are skipping the flat-pack furniture altogether and heading straight to the dining section.
Ikea is seeing more growth from its in-store restaurants and food offerings than its home furnishings, according to its end-of-year results released last week, with its dining sales increasing by 5% in 2023-24 even as overall sales slumped.
