Ikea Goes Urban
Ikea is planning to open its first city-centered store in the United States next year, as it looks to shift its retail space from big-box outlets on urban edges to smaller spaces in cities. The “Ikea Planning Studio” is opening in Manhattan this spring. The world’s biggest furniture retailer has opened similar stores in London and Stockholm. Ikea recently announced a drop of 36 percent in its yearly pretax profit, and said it was cutting 7,500 office jobs worldwide.
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