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Main IKEA retailer’s profits jump despite ‘unprecedented challenges’ -Breaking

© Reuters. FILEPHOTO: Ikea reopens after the outbreak of COVID-19 (coronavirus) in Gateshead. It reopened on Monday, June 1, 2020. REUTERS/Lee Smith

By Anna Ringstrom

STOCKHOLM (Reuters] – Ingka, which owns most IKEA shops around the world, announced Tuesday a surge in annual profit due to record-setting demand for home furnishings as people remain at home more because of the pandemic.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.