IKEA rolls out big investment plan in Spain

Ingka Group, the largest IKEA retailer, has announced the opening of a new city store in Madrid, IKEA Torrejón.

The opening is part of the retailer’s extensive expansion plan in Spain, which includes investing €150m, opening several new customer meeting points and recruiting more than 1,500 new co-workers in three years.

IKEA Torrejón will be the sixth IKEA store in Madrid, along with the full-size IKEA stores in Alcorcón, Ensanche de Vallecas and San Sebastián de los Reyes, and the two city stores in Goya and Las Rozas. 

The new store, that’s located in the Parque Corredor shopping center, covers approximately 7,500 sqm, of which 5,400sqm are commercial, and features 5,000 products, creating 130 jobs.

Nurettin Acar, CEO and CSO of IKEA Spain, said: “We are thrilled to open our sixth store in Madrid and bring the IKEA experience to even more customers in Spain. This new store opening is part of our larger expansion plan in Spain, and we look forward to continuing to invest in and create jobs in the region.”

During the coming months IKEA Spain will open five additional city stores and a number of plan and order points in Barcelona, Madrid and Andalucía. Adding to this IKEA Spain will open more than 60 branded collection points across Spain.

Tolga Öncü, Head of IKEA Retail, Ingka Group, said: “With our omnichannel approach we’re now coming closer to millions of people in Spain, making it easier to live a better, and more affordable life at home. We’re thrilled to be able to bring the IKEA experience to even more people, in different formats and in more convenient locations than ever before.”

Spain has been chosen by IKEA Retail (Ingka Group) as a country with strong growth potential in which to test projects that will foreseeably mark its future. The investment is also part of the company’s global strategy to open new formats in city centres, to get closer to ‘the many people’. 

Ingka Group has recently opened city stores in Rome, London, and Mumbai. This year, the retailer will also open its first city stores in San Francisco and Copenhagen, as well as the smaller format IKEA plan and order points (known as IKEA planning studios in some markets) across several countries.

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