IKEA's shopping malls business, one of the world's biggest, is looking to enter the United States in the next couple of years and is in talks to snap up central properties in major cities, its boss told Reuters.
Over the past month 15 of 38 centres closed due to the pandemic have gradually reopened, starting in China last month, with shoppers returning quickly in most locations.
He added there were little change to vacancy rates compared with before the crisis when Chinese centres had waiting lists and vacancy rates in Europe were around 4%. Centres in Russia, Italy, Portugal, Spain, Britain and Slovakia remain temporarily closed. In Russia, he said, the plan was to reopen gradually from May 15, starting in St Petersburg.Ingka Centres, which had a leasable area of 4 million square-metres globally and 480 million individual visits in the year through August 2019, is working on three new out-of-town centres in China, and two in India. However it has no plans for more new out-of-town sites at present, Groener said.
Along with its rivals, Ingka Centres has also increased the share of restaurants and entertainment at its centres in recent years to adapt to consumers’ online shift and a tougher retail landscape.
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