Ikea has announced the cancellation of an opening of one its stores in a landmark London location. The Swedish homeware retailer confirmed the opening of its Oxford Street shop has been postponed in order to fix leaks in the building’s basement. This is the second time the proposed store has been forced to pushback its...
Tag: Store Closures
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UK Store Closures Put Spotlight on Digital Shoppers
One of the U.K.’s oldest retailers, Marks and Spencer (M&S) announced last week it plans to shutter 110 stores during the next five years. This news comes only weeks after reports that the British division of The Body Shop was closing nearly half of its 198 U.K.-based stores and reducing its headcount by 40 percent....