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Article: IKEA doesn't feel the recession
- Article from:
- Jerusalem Post
- Article date:
- December 11, 2001
- Author:
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Nicky Blackburn
Jerusalem Post
12-11-2001
Headline: IKEA doesn't feel the recession
Byline: Nicky Blackburn
Edition; Daily
Section: Economics
Page: 12
Tuesday, December 11, 2001 -- You wouldn't think there was a recession in Israel if you wandered through the IKEA store in southern Netanya. Customers mill about the upstairs display floor testing out sofas, touching the beds and opening cupboards and drawers in the kitchens. Downstairs, the checkout counters are ringing as people load up and pay for goods ranging from sofas and kitchen units to salad bowls and cuddly stuffed toys.
IKEA's popularity is reflected in its sales too. The 23,000-sq.m. store opened on April 3, and the management ...