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Stock impact report

Ikea to open its first store in Manhattan next year [DailyFinance (AOL.com)]

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Company Research Source: DailyFinance
Tatiana Pile, AOL.com Dec 3rd 2018 2:42PM Ikea is coming to Manhattan in spring 2019.  The Swedish-based retail company announced the news in a press release stating it will open its first city center store in the U.S. in an effort to continue the brand's ongoing transformation and commitment to bringing the retailer in to the heart of urban areas.  We recognize that we are in a rapidly changing retail environment, and to be fit for long-term growth, IKEA is transforming in a way that lets us meet our customers where they are,  said Lars Petersson , Country Manager, IKEA Retail U.S. New York City is the natural choice to open the first city center store – the most vibrant, dynamic city in the US, and the epicenter of retail, business, and culture.  While the location will be Ikea's first-ever city center store, it won't resemble the brand's traditional shopping destination. The future store is part of a new Planning Studio concept the retailer Show less Read more
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