IKEA Malaysia, owned by Ikano Retail, recorded a turnover of RM1.46 billion for its financial year ended August 2024 (FY2024), marking a 4.2% decline year-on-year (YoY). This drop highlights the broader challenges facing the retail sector globally, with rising living costs and inflation impacting consumer spending. Ikano Retail’s Performance Across Key Markets Despite the drop in IKEA Malaysia’s...
