IKEA's largest franchise owner is planning to spend about $3.16 billion to redesign its big-box stores to serve as online distribution hubs and expand new smaller-footprint stores in city centers around the world.
Ingka Holding BV, the largest owner and operator of IKEA stores, said it will include distribution hubs in 30% to 40% of its big-box stores, converting a portion of the retail space into a parcel distribution center.
The in-store fulfillment centers will be located in suburban stores, serving as a last-mile distribution network for online orders, while new small-format stores without distribution centers will be built in downtown locations in major cities, Ingka Holding said.
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