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Swedish-based furniture giant IKEA experienced a 4.3% fall in revenue this year in Germany, its largest foreign market, according to data released on Monday. The company, Germany’s leading furniture retailer, nonetheless achieved revenues of €6.16 billion ($6.71 billion), making its 50th year of business in Germany the second strongest to date. This compares to a global decline of 5.3% for the 2023/24 fiscal year, ending on August 30, which IKEA said was largely due to lower prices on core products. The year was also marked by high inflation, rising interest rates and dampened consumer demand,…

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