Ikea invests 3 billion euros in their retail network

Ingka, which owns and operates the great majority of Ikea stores in Sweden, plans to invest 3 billion euros on its stores this year and next. They must also be constructed to operate as an online order distribution hub.

Due to the corona pandemic, Ingka will reorganize current stores to better coordinate home deliveries, which have surged dramatically. According to operations director Tolga ncü, the investment should result in “faster and more dependable shipping of online orders directly from our stores.”

In this regard, the group mentions a freshly restored store in Kuopio, Finland. The refurbishment cut the time it took to deliver online orders in half while also lowering costs.

ncü underlines that Ingka will continue to focus on new branches. “One of our greatest strengths remains our stores,” he says. “Many of our stores are taking on a dual role, providing our customers with the best of both physical and online purchasing,” says the company.

Ingka has already invested more than 2.1 billion euros on its store network during the last three years.

By Editor

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