IKEA plans expansion in 40 cities on ‘robust’ results

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IKEA plans expansion in 40 cities on ‘robust’...
 © CyprusMail 2020
IKEA’s shopping malls business, one of the world’s biggest, said its expansion plans to 40 new cities remained on track with visitors quickly returning to its premises after the lifting of coronavirus-related lockdowns which had forced stores to close.

Ingka Centres, which has 45 malls anchored by IKEA stores across Europe, Russia and China and plans to enter the United States in 2021, said footfall in the 12 months through August had fallen by almost a quarter and tenant sales had dropped 16% to 5.4 billion euros ($6.4 billion).

“Our results this year represent a robust performance under the...


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This article was automatically added to our system 29-10-2020

IKEA plans expansion in 40 cities on ‘robust’ results


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