Nordstrom and Neiman Marcus have opened updated urban department store formats in New York City, and while they are heavily apparel oriented, they have significant, meticulously merchandised housewares assortments with some home furnishings.
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.
Ikea’s strategy for its new, urban Planning Studio is based less on its past practices and more on an omnichannel approach the retailer is embracing.
Ikea is planning to open its first city center store in the U.S., marking what the company said is its ongoing transformation and commitment to bring the retailer into the heart of urban areas. The “Ikea Planning Studio” is slated to open in Manhattan in spring 2019.
As it continues to expand and open more stores beyond its rural community base, Dollar General is eyeing a new urban store concept dubbed DGX, according to a recent Bloomberg article.
At a panel held last week in New York, David Echegoyen, chief customer officer at Jet.com, told the audience that the company’s recent refocus on the affluent, urban Millennial consumer represents not so much as a change in its approach to the marketplace as a shift driven in large measure by its purchase by Walmart.
In the aftermath of its Democratic Design Days 2018 event in Sweden, Ikea has unveiled new collaborations, collections and sustainability efforts to make products that last longer and use recycled and renewable materials.
NPD has reported that Millennials are at the center of the niche segment of consumers embracing craft coffee brewing methods at home. Fueled by this trend, NPD is forecasting 9% growth in coffee consumption by 2024.
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