IKEA Canada announces annual sales of $2.05 billion and +14.2% sales upliftBURLINGTON, ON, Nov. 29, 2016 /CNW/ - Today, IKEA Canada announced total sales of $2.05 billion in Canada for the financial year ending August 31, 2016, an increase of 14.2% on the previous year. In its second year of double-digit growth, the company has solidified its position as the leader in life at home in the Canadian market. IKEA's position as a market leader was further strengthened in fiscal year 2016, with market share growing by 1 per cent to 9.4%, as the company maintained national number one share position in the furniture and home furnishings category for the third consecutive year. "We are delighted to report a second year of double-digit growth for IKEA in Canada," said David McCabe, Acting President, IKEA Canada. "Over the past year we have been focused on putting our customers at the centre of everything we do, really understanding how people live here in Canada and presenting our unique product range in a relevant and inspiring way. We have also been working hard to become more accessible and available whenever, wherever and however customers choose to interact with us and are pleased that in the last year over 115 million customers visited either our bricks and mortar units or online platforms." In fiscal year 2016, IKEA Canada kicked off its ambitious coast-to-coast expansion plan to double the number of stores by 2025 by announcing a new store in Halifax, Nova Scotia, to open in fall 2017. At the same time, in a step to provide even more options for customers to interact with the brand, it opened six pick-up and order points in new markets and introduced the first Collection Point in Halifax, operated by a third party service provider. While significant investments have been made in new and future developments, IKEA has continued to invest in improving the shopping experience in its existing stores. In fiscal year 2016, this included extensive remodeling of its restaurants and market halls in stores across the county. Store sales saw growth of 12.7% over the past year.