IKEA focuses on brick-and-mortar stores to spur sales growth

Sweden-based IKEA reported a 3.2 percent revenue rise last year, and while online sales are on the rise and store traffic declined 1 percent, the world’s biggest furniture retailer is still in store expansion mode. The chain, which operates in 26 countries, sees adding new brick-and-mortar stores as key to reaching its goal of doubling sales to $68.4 billion by 2020, according to the The Wall Street Journal.