IKEA Plans Highly Anticipated Oxford Street Store in May

March 18, 2025  by Karen Parrish in Business Strategy, Industry   

“Whether a local Londoner or a tourist passing through, IKEA Oxford Street aims to inspire home dreams for everyone,” Peter Jelkeby, CEO and Chief Sustainability Officer, IKEA UK

The IKEA Oxford Street store will offer the traditional IKEA experience – a showroom packed with inspiration and room sets, a market-hall filled with affordable home furnishing accessories, planning appointments and a Swedish Deli.  The brand-new city centre store will span three floors of the seven-storey building, comprising the ground and two lower ground floors, with a retail space of 5,800 square metres.

Peter Jelkeby, CEO and chief sustainability officer, IKEA UK said, “Whether a local Londoner or a tourist passing through, IKEA Oxford Street aims to inspire home dreams for everyone – offering beautifully designed, functional furnishings at prices affordable for as many people as possible, ensuring visitors leave with ideas and solutions that make everyday life at home a little better.”

Upon entering the ground level, visitors will step into a uniquely London-inspired space with expansive home inspiration alongside curated shops co-created with Londoners to reflect the city – and IKEA’s – unique character and style. Taking the escalator one floor down, shoppers will discover inspirational and innovative room sets. A specially designed home planning hub will offer complimentary one-to-one design consultations with IKEA home furnishing experts, helping customers realize their perfect kitchen or optimize their bedroom storage.

The retail journey culminates on the lowest floor in the market hall, where customers will find a curated selection of 3,500 affordable home furnishing accessories and small furniture available for immediate purchase.

For any larger furniture pieces which won’t fit into a FRAKTA, or to purchase any other product in IKEA’s 10,000-strong range, this can be done in store for delivery or collection from a broad network of pick-up points.

Speaking about the store opening, Peter Jelkeby continues: “London is an iconic shopping destination, and we are thrilled to now have a home in its centre. IKEA Oxford Street’s location complements our network of stores in London – and beyond – and allows us to be closer to where our customers live, work and shop, while importantly being easily accessible by foot or public transport. We look forward to welcoming you in.”

The renovation of 214 Oxford Street

The store’s opening follows a meticulous three-year renovation, which included complex work to enhance environmental performance whilst preserving the building’s cherished heritage features. In addition to the IKEA store, the building will accommodate three other retail outlets and offer four floors of office space.

Ingka Investments, the investment arm of IKEA UK’s parent company and owner of the building, has overseen this comprehensive transformation. It includes replacing traditional fossil fuel gas-fired boilers with energy-efficient air source heat pumps, installing secondary glazing for improved insulation, carrying out meticulous cleaning and restoration of the building’s historic façade, and a sympathetic lighting scheme to illuminate the building at night.