Home furnishings giant pulls back on store openings
Ikea is taking it a little bit slower in the United States.
The Swedish home furnishings retailer has scrapped plans to open new stores in Nashville; Cary, N.C.; and Glendale, Ariz., reported USA Today.
Ikea spokesperson Latisha Bracy, in an emailed statement to USA Today, acknowledged the "rapidly changing" retail environment the company faces. Ikea has been investing in e-commerce and exploring opening smaller stores in urban centers where it can be closer to customers.
"To be fit for long-term growth, we are creating a new business model to make sure we’re accessible and convenient for our customers today and in the future," she said.
To read more, click here.
The Swedish home furnishings retailer has scrapped plans to open new stores in Nashville; Cary, N.C.; and Glendale, Ariz., reported USA Today.
Ikea spokesperson Latisha Bracy, in an emailed statement to USA Today, acknowledged the "rapidly changing" retail environment the company faces. Ikea has been investing in e-commerce and exploring opening smaller stores in urban centers where it can be closer to customers.
"To be fit for long-term growth, we are creating a new business model to make sure we’re accessible and convenient for our customers today and in the future," she said.
To read more, click here.