Ikea earmarks €1bn to adapt London stores for ecommerce
Ikea is set to spend €3bn throughout 2023 on adapting its iconic out-of-town big-box stores to double up as ecommerce distribution centres.
Tolga Öncü, retail manager at Ingka Group, told Reuters that a third of the total amount of investment had been earmarked for London, which the retail giant sees as a test bed for new formats and logistics set-ups.
Already have an account? Sign in here