Biggest Sales in Sweden

Despite hard economic times and sacking thousands of staff Swedish furniture giant Ikea has posted record sales. For their financial year, ending with August, Ikea reports sales worth over 31 billion US dollars, an increase of 1.4 per cent on last year.

This puts them ahead of other Swedish big hitters like Ericsson, whose sales reached just over 30 billion dollars, and H&M, whose sales reached 15 billion, according to financial paper Dagens Industri.

However, this year Ikea has seen 5,000 employees lost their jobs.