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Main IKEA store owner's full-year operating profit falls 10%

People in the street are seen from inside an IKEA kitchen showroom and planning studio in the
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STOCKHOLM (Reuters) - Full-year operating profit at Ingka Group, which owns most IKEA stores, fell 10% as savings and increased sales failed to make up for higher purchasing costs and large investments as it adapts to digitalisation and fast-changing shopper habits. The world's biggest furniture retailer, previously known as IKEA Group, on Tuesday reported an operating profit of 2.03 billion euros..
Date Published: Nov 26, 2019
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