Changing Retail Environment

Within the next two years, IKEA is set to open 30 city-centre stores worldwide.  The Swedish retailer is adapting to consumer’s needs as they will be opening urban stores featuring items only available for delivery.  Specifically, their Manhattan location will be 17,500 square feet and is set to open this spring.  This new business model is vastly different from their suburban megastores that are 17 times the size and command 300,000 square feet of space.

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