IKEA's fastest-growing market is in China

IKEA's fastest-growing market is in China
(Image credit: Andreas Rentz/Getty Images)

IKEA is the largest furniture retailer in the world, and its sales are continuing to grow — especially in China.

IKEA Group released a statement about its fiscal year through August 31, and the Swedish company revealed that China is its fastest-growing market. IKEA saw a 5.9 percent rise in sales in the 2013-2014 fiscal year, with sales up 5.9 percent to 28.7 billion euros ($37 billion) and sales in comparable stores up 3.6 percent.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.