Fast growth in economies including China and Russia helped IKEA global sales reach €32bn in 2014–15.

That represented an 11 per cent rise worldwide, with like-for-like sales in stores open more than a year rising by 5.1 per cent.

IKEA released selected sales figures a few days after its 31st August year-end date. It said it had opened 13 large stores and three of its smaller format reserve and collect shops, which are also about to be trialled in Britain (see related).

It now trades from 328 stores across the world.

Besides China and Russia, the chain said its growth in Germany had reached record levels while IKEA continues to catch up rivals with its online business, with Internet sales up 35 per cent and passing €1bn for the first time.

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