IKEA U.S. has announced plans to open eight new-format stores
across the country in 2025, as outlined in its newly released
FY24 Annual Summary. The report highlights the company¡¯s efforts
to expand its footprint, improve affordability and
accessibility, and advance sustainability initiatives.
Expansion Plans for 2025
IKEA U.S. has increased its market share by 13.6% over the past
five years as part of a $2.2 billion investment in omnichannel
growth. In 2025, the company will continue its expansion with
seven new Plan & Order Points with Pick-up in Cherry Hill, PA;
Hunt Valley, MD; Beaverton, OR; Scottsdale, AZ; and three
locations in California¡ªThousand Oaks, Ontario, and Colma.
Additionally, a Pick-up Point will open in Santa Monica, CA.
These new locations are expected to open by spring/summer 2025.
¡°Our strategy continues to prioritize our customer¡¯s needs, and
in FY24, we continued to make everyday living more accessible,
especially during a time when we know economic challenges are
leading to a decrease in disposable income for many Americans,¡±
said CEO and Chief Sustainability Officer Javier Quiñones. ¡°As
we gear up for the 40th anniversary of IKEA U.S. in 2025, we¡¯re
committed to reaching even more customers where they are.¡±
Plan & Order Points with Pick-up differ from IKEA¡¯s traditional
large-format stores, offering customers personalized assistance
in planning and ordering home furnishings such as kitchen,
bathroom, and closet storage solutions. The addition of a
Pick-up Point allows for more convenient order collection.
About IKEA
At IKEA, the vision is to create a better everyday life for the
many people by offering well-designed, functional and
affordable, high-quality home furnishing, produced with care for
people and the environment. Ingka Group (Ingka Holding B.V. and
its controlled entities) is one of 12 different groups of
companies that own and operate IKEA retail under franchise
agreements with Inter IKEA Systems B.V. Ingka Group has three
business areas: IKEA Retail, Ingka Investments and Ingka Centres.
Ingka Group is a strategic partner in the IKEA franchise system,
operating 375 IKEA stores in 30 countries ¨C including 51 retail
locations in the U.S.
For more details, view the full IKEA U.S. FY24 Annual Summary
here.
Source:
IKEA-USA.com
