Ikea FY sales up, continues remodel of Marketplace

CONSHOHOCKEN, Pa. — Ikea reported that sales for its fiscal year 2012 grew by 9.5% and profits were up 8% to $4.2 billion, thanks to its model of offering low-cost, functional furniture. Comparable-store sales were up 8% at its U.S. stores.

“The Ikea...