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.