By Martin Stabe2010-02-26T00:00:00+00:00
Ikea has opened its first store in Latin America.
The store is located on a 753,500 sq ft plot in the Dominican Republic’s capital Santo Domingo.
The store cost $85m (£54.5m) to build and will provide as many as 2,500 direct and indirect jobs.
UK consumers are facing an almost unprecedented perfect storm of issues driving up inflation and restricting public confidence in the economy.
Furniture specialist DFS has posted an increase in full-year sales and profits as consumers spent on their homes during the Covid-19 pandemic.
DIY giant Kingfisher has recorded rising profits as its ‘Powered by Kingfisher’ strategy drives business changes.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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