Ikea set for first UK large format closure
Ikea is to close its Coventry store after years of ‘consistent loses’.
The closure, planned for the summer, will be the first time a large format store has been closed in the UK by the chain.
‘Ikea's Coventry store, one of 22 Ikea stores in the UK, was built in 2007 in the city centre and was one of the retailer's earliest examples of testing a new format to meet its customer's changing needs and expectations,’ says a statement.
‘However, given its location and the size of the land available at the time, the store was built over seven levels, which resulted in a significant impact on the operating costs of the store and the shopping experience for customers.
‘In addition, the changing behaviour of customers in the area who prefer to shop in retail parks and online has resulted in visitor numbers being substantially lower than expected and continuing to decrease over time.’
It says it will consult the 352 workers affected and would try to find them jobs at other stores.