Ikea to revamp stores as online business grows | Malay Mail

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STOCKHOLM, May 9 — The company that controls most Ikea branches is repurposing its stores to adapt to soaring online business. Ingka Group said Monday it was investing €3 billion (RM14 billion) by the end of 2023 to open new shops and modernise existing ones. “The investment will allow us to...

STOCKHOLM, May 9 — The company that controls most Ikea branches is repurposing its stores to adapt to soaring online business.

As more and more businesses focus on online shopping, the company noted in a statement that “our stores remain one of our biggest strengths”.He cited the example of a branch in Kuopio, Finland, which has been upgraded to support shipping online orders. Founded and headquartered in Sweden, Ikea is owned by a complex structure of companies and foundations based mainly in the Netherlands, Switzerland and Liechtenstein.

 

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