Ikea Says Spending Is Shrinking In All 63 Markets: 'Challenging'

Some 92 percent of Ikea customers shop both online and in-store (Credit: AFP)

World number-one furniture retailer Ikea is hoping the market will improve next year from a decline in consumer spending on furnishing their homes, one of its senior leaders told AFP.

During a recent visit to Paris to visit the Swedish chain's new city-center shop, Inter Ikea chief Jon Abrahamsson Ring told AFP that 2025 is likely to be "challenging".