IKEA's projections, until September

IKEA Romania, the biggest furniture retailer domestically, forecasts 11-12% higher sales in RON for the September 2008-August 2009 financial year compared with the previous year and says it expects September to be a “full” month, but the company’s projections do not go beyond this date. “(…) In 2009, September will be ‘full’, and starting October-November we’ll see what happens,” says Cornel Oprisan, retail manager of IKEA Romania. He says he also takes into account a “less attractive” scenario for the following period, with falling consumer spending at the level of the economy. “There are a lot of factors we cannot control,” says Oprisan, answering a question about estimates for the 2009-2010 financial year.