Retail sales of IKEA North American Svcs. U.S.

Retail sales of IKEA North America Svcs in the United States amounted to about 5.65 billion U.S. dollars in 2023, down from around 5.87 billion recorded a year earlier. IKEA operates 54 stores in the United States.

IKEA

IKEA is an internationally known home furnishing retailer. It has grown rapidly since it was founded in 1943. Today it is the world's largest furniture retailer, recognized for its Scandinavian style. The majority of IKEA's furniture is flat-pack, ready to be assembled by the consumer. This allows a reduction in costs and packaging.

One of the key competitive advantages IKEA has is its extensive knowledge about the customers. The company understands the purchasing factors that influence customers to buy and implements the best practices to induce that decision and, as a result, has become one of themost loved companies worldwide.

Low prices are the cornerstone of the IKEA business idea and the company always tries to do things as efficiently and cost-effective as possible. To drive costs down all the time, the company must find new and innovative ways to do that and to incorporate them in its business model. The business’ innovations include new materials that contribute more to a sustainable environment and are less costly or using the newest ways of packaging, handling and transporting materials.

Retail sales of IKEA North American Svcs. in the United States from 2017 to 2023 (in billion U.S. dollars)

Characteristic	Retail sales in billion U.S. dollars
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Release date

July 2024

More information

Region

United States

Survey time period

2017 to 2023

Supplementary notes

Figures prior to 2023 were taken from previous editions of the publication.

The Top 100 Retailers are ranked by 52/53-week annual retail sales. In almost all instances, sales used to rank companies are for retail activity in the United States only. To arrive at U.S. retail sales figures, a variety of estimation techniques are applied based on publicly disclosed information. For this reason, the figures presented do not always match the companies' official public filing reports. Company revenues from non-retailing operating segments are removed unless otherwise noted; system-wide sales are provided when the operation is a franchise. The rankings eliminate fuel sales at locations designated as having a gasoline/fueling station as its primary business.

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