IKEA to close London store (2024)

FAQs

Is IKEA closing down in London? ›

So far, IKEA has only announced the closure of its store in Tottenham, London.

The new Drumsheds venue, set to open in September, will occupy the vast, vacant warehouse that housed IKEA for 17 years until September 2022. It will have the potential to host live music, film sets, fashion shows, and corporate events.

Ikea to close store at Mumbai's RCity mall by mid-2024

The global furniture retailer major cited viability issues with its small-format store. Spread across 70,000 square feet, the Ikea store at RCity Mall was opened in 2022 and offers a limited selection of Ikea goods.

New IKEA stores tend to attract consumers from far away and are therefore widely believed to be more important for regional development than your average large retail (big-box) establishment. Local policymakers have therefore often been prepared to do a lot in order to get IKEA to establish a new store in their region.

IKEA UK growth underscored by a global sales increase of 5.7%, announced by Ingka Group today. IKEA UK has today announced continued growth, with sales up by 11.9% for the 2023 financial year compared to FY22, generating a turnover of £2.46bn.

Ikea says it is part of an effort to roll back price hikes introduced in the wake of the pandemic when inventory was low and raw-material costs were surging. Now, with shelves stocked again, the company hopes to appeal to shoppers whose budgets are under strain.

IKEA retail sales benefited as the world re-opened after closures related to the pandemic. On the other hand, inflation and supply chain issues impacted FY22 sales and led to rising costs and higher prices. That means sales have grown in money, but sales quantities have not kept up.

Furniture giant Ikea is struggling to supply about 1,000 product lines as a shortage of HGV drivers continues to hit businesses. The company said the shortage of products, including mattresses at some stores, was down to Covid and Brexit.

A Greenpeace investigation published today reveals that seven manufacturers producing IKEA's all-time favourite products, like INGOLF chairs or SNIGLAR baby cribs and beds for children, are linked to the destruction of high-conservation value forests.

The Dutch-registered Stichting INGKA Foundation is named after Ingvar Kamprad (i.e., ING + KA) which owns INGKA Holding, the parent company for all IKEA stores.

What happens if IKEA is out of stock? ›

If the product you are looking for is not available for purchase online on in-store, you can sign up to get notified when it is back in stock via SMS or email. You will receive the SMS or email when the product is back in stock.

Ikea has warned people not to try to sleep over in its stores when they close, saying they would be considered trespassers and would only end up getting into trouble with the law. On Wednesday, the Swedish firm's spokeswoman Johanna Iritz said the firm takes the matter seriously, adding: “we can't guarantee safety”.

It's ok to change your mind. You can return assembled merchandise to your local IKEA store as long as it's within our return policy and the items are in new condition. You can return assembled products within our return policy if they are in new and unused condition.

When the carrier is standing in front of your door but no one is there to accept the order, the carrier will scan the delivery as failed. You will automatically receive an email with the request to contact us within 2 working days. We are happy to schedule a new delivery moment with you.

Ikea is the latest big name to announce it is closing all its stores. The Swedish home furnishings firm has announced it is closing all of its UK and Ireland branches as a result of the coronavirus crisis. The company has two major stores in the North West in Warrington and Ashton-under-Lyne in Manchester.

Who are IKEA's competitors in United Kingdom? - Quora. The closest is probably Argos, a catalogue retailer. There's also the furnishing retailer Habitat, the department store chain John Lewis, and the home improvement retailers Homebase and B&Q. How is IKEA different from other department stores?

At IKEA we continue to put a lot of effort into keeping our prices as low and as stable as we possibly can. ​ However, the current transport situation and raw material constraints are impacting industries all over the world, and IKEA is no exception.

It's often just resellers that buy the products at Ikea and then list them on Amazon for higher prices. Many people have built multi-million dollar businesses reselling brick-and-mortar retail merchandise online, and anyone could understand how a massive retailer like Ikea would want to cut out the middleman.

IKEA offers low prices and a huge range of products, constantly introducing new product designs that look stylish in the eyes of customers. All the products are designed so they are easy to transport and assemble. Moreover, the company offers an extremely wide product range and positive shopping experience.

Why is IKEA Queen's closing? ›

IKEA's 112K SF store at Rego Park, which opened in 2021 as IKEA's first smaller-format store in the U.S, was closed in December 2022 when the Swedish furniture giant pivoted to a different growth strategy.

The retailer remains fully committed to opening as the renovation at 214 Oxford Street continues. IKEA UK has confirmed its Oxford Street city store will now be opening in spring 2025, as an extensive renovation project across all seven floors of the iconic Grade II listed building continues.

IKEA currently has 22 stores across the UK, as well as several IKEA pick-up points. You can check out our store locations and opening hours here. Did you find this useful?