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UPDATED: IKEA Calls Off Plans for Big Box Stores in Three US Markets

After opening 27 stores in the U.S. in the past 15 years, iconic Swedish component-furniture retailer IKEA has called off expansion plans in three markets while it considers making potentinally far-reaching changes to its growth plans in a rapidly changing retail environment. The three stores the retailer had planned to open but decided against were in Glendale, Arizona, Nashville and Cary, North Carolina. “I spoke with IKEA’s real estate manager…

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