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From Home Furnishing Business
Ikea Holds Bold Expansion Plans for France
October 16,
2014 by in Furniture Retailing, Industry 
Ikea is on the move in France with plans for seven new stores and renovations at two of its existing locations.
Ikea, the world’s biggest furniture retailer, will invest 600 million euros (476.59 million pounds) in France by 2017 to open seven new stores and renovate two of its existing outlets, the company said on Tuesday, creating 1,300 jobs and providing some cheer for a struggling economy.
The Swedish group, known for its low-priced but distinctive furniture and sprawling out-of-town stores, is also considering opening a shop in central Paris and setting up pick-up points for the collection of goods ordered online to respond to changing shopping habits.
"We are starting to review the feasibility of opening a store inside Paris. The project is really at an early stage as we ponder logistics and store size," IKEA's chief executive for France, Stefan Vanoverbeke, told a news conference.
Read Entire Story Source: Reuters