Ikea’s £800m plan to treble the number of British outlets to 30 by 2010 will comprise 20 stores and two distribution centres.
The company is on-track to overtake MFI as the leading furniture retailer in the UK this year, before any of the new outlets have opened.
It will spend £300m on building eight stores and two distribution centres over the next five years. It is looking at two or three in London and others in Manchester, Glasgow, south Birmingham, Coventry and the South Coast. Analysts have dismissed speculation the furniture retailer might be interested in vacated C&A outlets because they are too small and do not have car parks.
Financial Times 20/06/00 page 4
The Daily Telegraph 20/06/00 page 1, page 9
The Times 20/06/00 page 26, page 27 (Commentary)
The Independent 20/06/00 page 6, page 19 (Outlook), page 3 (Review – leader), page 19
The Guardian 20/06/00 page 30
