Ikea to open Oxford Street retailer subsequent 12 months

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kea has pushed again the opening date for its new Oxford Street retailer to subsequent 12 months because it revealed new particulars concerning the deliberate outlet.

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It got here because the Swedish retail large unveiled a 128ft (39m) by 62ft (19m) model of its signature blue Frakta service bag masking the scaffolding of the positioning.

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Work on the Oxford Street retailer, which was beforehand residence to Topshop’s flagship London website, began final 12 months.

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Ikea initially stated it might open in autumn this 12 months however has now stated it hopes it can open by autumn 2024.

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Ingka Investment, the funding arm of the retail group, purchased the Grade II listed constructing at 214 Oxford Street after Topshop proprietor Arcadia fell into administration.

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The renovation undertaking on the website is creating a brand new 82,000 sq. toes retailer masking three flooring, together with 4 flooring of workplace area.

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The new retailer, providing round 6,000 completely different merchandise, will embrace a showroom, market corridor, and a Swedish deli serving Ikea’s well-known meatballs.

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Peter Jelkeby, chief government and chief sustainability officer of Ikea UK, stated: “We’re incredibly excited to be bringing Ikea to the heart of London’s vibrant retail scene on Oxford Street, which is a major milestone in our continued expansion plans across the capital.

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“By having a presence at one of the most iconic shopping destinations in the world, we’re taking a significant step forward in our ongoing journey to make it easier to shop with Ikea – whenever, wherever and however customers choose.”

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The intensive refurbishment will take extra time than initially anticipated

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Ingka Investments managing director Peter van der Poel stated: “When refurbishing this over 100-year-old historic landmark, it’s important for us as an investor to treat the building with care and to preserve its characteristics and atmosphere.

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“At the same time, we want to upgrade it to today’s standards with the best possible sustainability credentials.

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“To ensure all of this, the extensive refurbishment will take more time than initially anticipated and Ikea Oxford Street city store is now expected to open in 2024.”

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