![]() city centers including Los Angeles, San Francisco, Chicago and Washington, D.C. The company said it’s planning to enter other major U.S. IKEA has said the Planning Studio, with a focus on urban living and small spaces, will give “customers the opportunity to discover, select and order” its products. Costco had a 4.3% share while Walmart garnered 3.2%. through March, compared with Amazon’s 32%, which included all orders on its site. For instance, Rakuten Intelligence data showed IKEA had only a 1.6% share of the online bed and mattress market in the U.S. While the company’s annual report showed its global online sales jumped 45%, outpacing the 4.7% total constant-currency retail sales in the year through August, IKEA has trailed its retail peers in online share. The 66,000-square-foot location allowed for the same-day takeaway of 2,000 items, as Retail Leader previously reported.Meanwhile, none of the IKEA chain’s famous discount restaurants or Swedish food items could be found at the Manhattan location, either.Īs IKEA vies with increased competition, especially from Amazon and other online sellers, the smaller Planning Studio is one way for it to attract more urban-area consumers, in a strategy also adopted by Target and other big-box retailers that have opened smaller, city-format concepts. It may also help IKEA increase its online sales. In May, Ikea Canada opened a store at the Aura skyscraper in downtown Toronto. Major retailers from Target to Best Buy have opened small-format versions of their stores, which allow them to open brick-and-mortar stores in large cities and more easily experiment with new concepts.ĭespite the New York City closures, Ikea seems poised to continue supporting its city center and small-format locations. All other products were available for delivery in New York for a $49 fee, the retailer said in a release. The 115,000-square-foot Queens space offered customers the opportunity to purchase and take home items curated for New Yorkers on the same day. The Ikea Queens location was the first small-format store for the retailer in the U.S., though it was significantly larger than the Planning Studio concept. We remain committed to the New York City area and look forward to securing a new home for our planning studio.” “As we position our business for long-term growth and investments, we had to reevaluate our Upper East Side location due to the high rent and the lower-than-expected foot traffic. ![]() “Ikea is continuously looking to create a better customer experience, while ensuring our business remains viable and relevant now and, in the future,” said Linda Santing, area VP at Ikea U.S., last year. ![]() When Ikea closed the location, it said it was looking for a new Manhattan space for the Planning Studio, though it hasn’t yet announced plans to reopen. Unlike typical Ikea stores, the 17,350-square-foot Planning Studio was a delivery-only store without a warehouse for same-day product takeaway. The Ikea planning store was a first-of-its-kind concept for the retailer, opening in 2019 as a city-focused store and Ikea’s first location in a U.S. Ikea in January shuttered its Planning Studio in the Upper East Side of Manhattan also about two years after it opened. ![]() After the Queens store shuts down, the Swedish furniture retailer will have just one remaining location in New York City, Ikea Brooklyn, which opened in the Red Hook neighborhood in 2008. We look forward to sharing details about future projects soon.” “As we look toward future growth and transformation progress, we will continue to test, explore and develop our Ikea formats to meet our customers where they are. “We remain committed to the New York City area,” Ikea said in a release detailing the closure. Ikea will close its small-format store in Queens, New York City, less than two years after the retailer opened the location, it announced Oct.
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