IKEA to spend 3 billion euros on stores as it adapts to e-commerce – ET Retail

IKEA retailer Ingka Group is spending 3 billion euros ($3.2 billion) through 2023 on new and existing stores, much of it to modify its trademark out-of-town outlets so they can double up as e-commerce distribution centres.Tolga Oncu, retail manager at the group which owns most IKEA stores worldwide, told Reuters the money would be spent…