Ikea's plans for New Zealand have collided with a business metamorphosis and global recession, says one retail expert. Economies, and Ikea stores, have begun to open up again, but what does this mean for the New Zealand aspirations if the Swedish flatpack giant? In a statement released on Tuesday, an Ikea spokeswoman said: "The plans to open Ikea in New Zealand remain unchanged. In Britain, Ikea has bought malls and introduced a mixed-retail model, that included an Ikea store alongside other stores like H&M. Despite the advent of Nido, there was still space for Ikea, Wilkinson said.

Source: Stuff June 03, 2020 16:52 UTC