IKEA Group, the owner of most IKEA stores, has reported retail sales of €34.1 billion in its fiscal year up to August, up 4% from a year earlier. 

IKEA stores worldwide are owned by 11 franchisees, of which IKEA Group is the biggest with 355 stores in 29 markets. 

Franchisor Inter IKEA said yesterday that stores worldwide turned over a total of €38.3 billion euros in the fiscal year to August.