IKEA's British arm is to shut a loss-making store in Coventry, central Engl...
LONDON - IKEA’s British arm is to shut a loss-making store in Coventry, central England, its first big closure in the country, putting 352 jobs at risk, the world’s biggest furniture maker said on Tuesday.
The store in Coventry’s city centre, which was built in 2007, is one of 22 the Swedish company operates in Britain. “Although this isn’t an easy decision, this is the right decision for the long-term success of IKEA in the UK,” said Peter Jelkeby, IKEA’s UK and Ireland country manager. To meet the growing challenge from online shopping globally, IKEA is rolling out smaller, but more accessible, inner-city stores with more digital and other services. Historically most IKEA stores have been in out-of-town locations.The retailer pointed out that last year it opened its most sustainable store to date in Greenwich, south east London, as well as two planning studios in the capital.
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