IKEA Opens Its First Strip Mall Location: What It Means for Investors

Liz Brumer-Smith, The Motley Fool
·2-min read

IKEA, known primarily for being a big-box home-goods retailer with 445 locations across the globe, is transitioning into a new type of retail -- strip malls. The company announced plans to expand its real estate footprint, building several small-format stores in top locations across the globe in 2019, starting with Queens, New York. The IKEA Queens store in Rego Center opened January 11th, 2021, several months after originally planned due to coronavirus setbacks, and is now offering a full range of products in its 115,000 square feet of space.