Ikea focus online with no more store plans

Ikea says its store in Ballymun in Dublin posted a 12% increase in sales in its latest financial year and will focus on online investments as it tapped a huge growth in its online sales.

Sales at the Ikea Ireland firm reached €203m in the 12 months to the end of August, the retailer said in a statement, which gave no details of its earnings for the same period.