Leiden, Netherlands — Ingka Group has announced plans to invest $2.2 billion over the course of the next 3 years on new IKEA retail locations and omnichannel growth across the United States. The Leiden, Netherlands-based company is the largest owner of IKEA stores globally, representing more than 90% of IKEA retail sales with more than 370 stores and 100 home décor planning studios open across 31 countries. The initial phase of investment will include opening eight stores in IKEA’s traditional format and nine “Plan and Order” points, which are smaller …
Ingka Centres
London — IKEA has purchased a West London shopping center, Kings Mall Shopping Centre in Hammersmith, where it will also debut its first UK small format store in spring 2021. The £170 million acquisition is part of IKEA’s strategy to develop mixed-use sites around urban stores. When it opens in 2021, the new Kings Mall store will mark the sixth London-area location for IKEA. Most recently, IKEA opened in the city in Greenwich last year. IKEA also launched two London planning studios in 2019 under its plan to develop new …