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IKEA closes smaller format stores amid global restructuring efforts

IKEA is closing several of its smaller-format concept stores in the UK and the US as part of an ongoing global restructuring. The Swedish furniture giant confirmed the shutdown of three Plan & Order Points locations this month, two in the UK and one in California.

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The Liverpool and Stockport stores in the UK closed last week, while the Long Beach store in California is scheduled to close this Sunday. This move reflects a broader retail landscape shift, with major brands adjusting their physical presence in response to evolving market demands.

The closures mark a significant change for IKEA, known worldwide for its large warehouse-style stores, as it experiments with smaller, more flexible retail formats. However, the company's decision to shutter these outlets suggests a strategic reevaluation of how best to serve customers and optimise operations in key markets.

IKEA's ongoing adjustments underscore the challenges faced by global retailers in balancing physical and digital strategies amid changing consumer habits and economic pressures. The company continues to focus on innovation and efficiency as it adapts to a rapidly evolving retail environment.

Source: www.abdpost.com

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