IKEA Canada 2015 Summary Report solidifies retailer as leader in life at home with a 10.4 per cent growth

First annual report showcases IKEA Canada's FY15 financial results, sustainability achievements, product innovations and plans for coast-to-coast growth

BURLINGTON, ON, Nov. 5, 2015 /CNW/ - IKEA Canada today announced sales results of $1.795 billion for the 2015 Fiscal year ending August 31^st. With more Canadians making trips to IKEA both in our stores and online, this past year visits increased in-store by four per cent to more than 26 million, while online interactions grew at an even faster pace with 75 million visits to IKEA's web and mobile platforms, including our new IKEA Store App.

"I am inspired by what we have accomplished together thanks to the dedication of our great IKEA co-workers and the loyalty of our customers across the country," said IKEA Canada President, Stefan Sjöstrand. "Fiscal 2015 has been a fantastic year for IKEA Canada and our efforts to be a leading choice for the many Canadians."

Today's release of the 2015 Summary Report at the Toronto Board of Trade marks the first time IKEA Canada has publicly disclosed such business information and is part of the company's efforts to be transparent and accountable to its co-workers and customers.

This year was a year of major developments and growth for IKEA Canada's online offerings and our ability to interact with Canadians no matter where they are. With a nearly 40 per cent jump in purchases on both web and mobile platforms, eCommerce was up significantly and for the first time in IKEA Canada's history exceeded the $100 million mark with total online sales of $103 million.

Fiscal 2015 has also been extremely successful in many other ways for IKEA Canada, especially around the company's sustainability initiatives. For the first time ever, IKEA Canada is energy independent thanks to IKEA's new wind farm in Southern Alberta beginning operations as well as solar installations on many of its stores. IKEA Canada now produces roughly three times more energy than is consumed by its operations.

IKEA is also the first major Canadian retailer to sell only energy efficient LED light bulbs and to install free Electric Vehicle Charging Stations at all of its stores. In addition, IKEA stores are now diverting 85 per cent of waste from going into landfills thanks to robust recycling programs and changes throughout their supply chain.

"IKEA's goal is to be both people and planet positive, including helping Canadians live a more sustainable life at home," added Sjöstrand. "For example, so far this year, IKEA Canada has sold 1.5 million LED bulbs, which means we have helped Canadians save $12 million in energy costs just in this year alone."

Fiscal 2015 has also seen the start of a push by IKEA Canada to increase accessibility coast-to-coast. The retailer has already kick-started this initiative with the announcement of five innovative new IKEA Pick-Up and Order Points (Quebec City, London, ON, St. Catharines, Whitby and Windsor) and plans to double the number of Canadian stores over the next decade.

About IKEA

IKEA is a leading home furnishing retailer with 361 stores in more than 50 countries worldwide, which are visited by 821 million people every year. IKEA Canada has 12 stores, an eCommerce virtual store and five newly announced Pick-Up and Order Points. Last year, IKEA Canada welcomed 25 million visitors to its stores and 75 million visitors to the IKEA.ca website. Founded in 1943, IKEA's business philosophy is to offer a wide range of products of good design and function at prices so low, the majority of people can afford them. For more information on IKEA, please visit: www.IKEA.ca.

SOURCE IKEA Canada

please contact: Tanya Bevington, Corporate Communications Manager, IKEA Canada, 905-637-9440 x 6224, [email protected]