Ikea Targets China, India Expansion to Meet Sales Growth Aim

Updated on
  • Retailer plans to open its first outlet in India next year
  • Company still aims for revenue of 50 billion euros by 2020

A couple walks past an Ikea logo outside the Ikea Beijing Xihongmen Store, operated by Ikea AB, in Beijing.

Photographer: Tomohiro Ohsumi/Bloomberg

Ikea Group laid out plans to accelerate its expansion in China and open its first store in India as the world’s largest furniture retailer seeks to boost sales by almost 50 percent over the next four years.

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