Ikea finally plans to open a store in Estonia

The Swedish furniture giant, Ikea, is finally planning to open a store in Estonia; the company is also expanding to many other new markets.

In addition to Estonia, Ikea has plans to start selling its products in Ukraine, Luxembourg, Macau, the Philippines, Oman, Mexico, Chile, Colombia and Peru, the company said in a statement.

Estonia has long waited for an Ikea store. Currently, many Estonians travel to Finland to shop for cheap furniture at Ikea.

The company also aims to reach three billion customers in the years to come, according to Torbjörn Lööf, the CEO of Inter Ikea. “We will offer new and different ways to shop the Ikea product range – online, in remote locations and in city centres. We will introduce smaller store formats and offer a wide range of flexible and affordable services,” Lööf said in a statement.

Ikea’s stores, which can be found in more than 50 markets, welcomed 957 million visitors in the last fiscal year.

Presently, the Ikea has two stores in the Baltics – in Vilnius, the capital of Lithuania, and in Riga, the capital of Latvia.

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Cover: Ikea store in Japan (the image is illustrative/Wikimedia Commons).

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About the author: Sten Hankewitz

Sten Hankewitz is a lifelong journalist and Deputy Editor at Estonian World. Having lived in Estonia, Spain, the UK and all around the US, he now resides in Chicago, IL. He loves to write and besides working at Estonian World and doing some occasional blogging, he writes books and contributes to other outlets in Estonia, Israel and elsewhere. He has strong convictions and he shows them unashamedly. You can follow him on Twitter, like his page on Facebook or check out his personal blog. You can write to Sten at sten@estonianworld.com.