Ikea is spending over $2 billion to expand its US presence and lure frugal shoppers. The Swedish furniture retailer announced plans to open eight new stores and nine new "plan-and-order points ...

Ikea stores are generally in out-of-town locations and the firm has made various attempts to bring its outlets to city centres. In 2018, it closed three smaller inner-city collection-point stores ...

But he said the existing outlet, in Tottenham Court Road, "will hopefully be the first of many". "Our stores will always be an important part of the Ikea brand when it comes to inspiration," Mr ...