Ikea is the latest big-box retailer to experiment with a smaller-is-better retail store strategy.
As big-box retailers focus on providing to the consumer shopping experiences in multiple formats, Ikea is the latest to add smaller-footprint stores.
"A Plan and Order point with Pick-up is one of many new format stores that are part of the growth strategy for Ikea U.S.— increasing accessibility to the brand and ensuring there are more ways to meet customers where they are and how they like to shop," an Ikea spokesman said, saying that the smaller stores offer a more personalized experience.
And one of those key metrics is how much revenue is made per square foot. A massive space must work much harder to generate revenue per foot. Meanwhile, Barbara Snedegar, who lives in the eastern suburbs of Cincinnati, prefers the selection of larger stores.mall anchor stores have struggled as malls have become anchors on earnings. Earlier this year, the chain called for the. Macy's has been trying to break free from the mall with smaller format stores for their Macy's and Bloomingdale's brands.Inside of the Bloomie's store in Fairfax, Va.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IKEA donates first tiny home to support healing for homeless seniorsWould you move in?
Read more »
5 IKEA design hacks for surviving in 250-square-foot apartmentsHow to curate small spaces from a New Yorker.
Read more »
Ikea putting together small-format store in Rockwall for late 2025Ikea is planning another new store is set to open a store in Rockwall in December 2025 with a “small format” site. Customers will be able to purchase in-store...
Read more »
IKEA ready for potential tariffs under Trump, CFO saysIKEA has learned from recent supply chain disruptions and is well prepared for potential trade barriers, the owner of the world's biggest furniture brand said on Friday as companies seek to ready themselves for tariffs under Donald Trump's presidency.
Read more »
IKEA will anchor Dallas developer's Rockwall projectDallas-based real estate investment and development firm PegasusAblon has big plans for a 67-acre development at Interstate 30 and North Stodghill Road, and...
Read more »
Ikea warns Trump’s tariffs could push up pricesThe chief executive of the company behind Ikea furniture stores says Donald Trump’s planned tariffs will make it more difficult to keep its prices low, joining a growing chorus of business leaders in warning of a potential hit to people’s wallets from the levies.
Read more »