Amid change in its fundamental business, including abandonment of its traditional catalog, Ikea Retail U.S. released its 2020 Annual Summary, highlighting how the company is transforming its business to be more accessible, convenient and sustainable— a process accelerated by the COVID-19 pandemic.
Ikea Retail U.S. has opened a new, smaller-format store in Rego Park, Queens (New York City) as part of its effort to introduce new formats that bring stores closer to consumers.
As part of the company’s urban strategy, which has thus far focused on New York City, Ikea Retail U.S. will open a Queens store in space that once housed a Sears location.
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