Londoners awaiting the opening of an IKEA store had better not hold their breath. The Swedish furniture giant has delayed opening a full-size store in London and Ivey Professor Emeritus Ken Hardy says he doubts it will ever be built.
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Hardy told The London Free Press IKEA is just one more bricks-and-mortar retailer to fall victim to the rise of online shopping. He says online retailers, such as Wayfair and Amazon, are IKEA’s biggest threat.
“Amazon is just a powerhouse. They are in so many categories and making bold moves,” he says.
