Ikea is downsizing and moving into Manhattan with its first ‘city center’ store in 2019

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Not sure if we are seeing good news or bad news for Ikea, I hear there will be layoffs of employees, however they are also adding a city center store in the heart of Manhattan.

Ikea will open its first location in Manhattan, which will also be its first smaller-format shop, this spring. Ikea's move comes as many retailers like Target, Kohl's and Macy's are looking to shrink their existing full-size stores.

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    • Ikea is actually one of the good companies that is downsizing for the right reasons. No it is not like GM or these other companies looking to maximize profits through layoffs. It is a company that is reinventing itself for a new market, that is all.

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