Ikea breaks ground in Las Vegas with new store

Construction has started on a future Ikea store in Las Vegas. The 351,000-sq.-ft. furniture store is set to open in the summer of 2016 and is the first of the brand's stores in Nevada.

The store will reflect the same architectural design for which the brand is known worldwide and will be evaluated for potential on-site power generation to complement its current U.S. goal of utilizing renewable energy at nearly 90 percent of its locations.

The store will feature 10,000 exclusively designed items, 50 room-settings, three model home interiors, a supervised children's play area, a 450-seat restaurant and 1,300 parking spaces.

"This location will help bring the unique Ikea family-friendly shopping experience closer to many Las Vegas-area customers who currently can only shop at Ikea stores elsewhere or online," said Rob Olson, CFO of Ikea U.S.. "The store also will attract new customers from throughout Clark County and Southern Nevada who value good design, good function and affordable prices, but have not had a chance yet to shop at Ikea."

At the beginning of the year, when the company posted the financial results for 2014, Ikea admitted that it jumped into the e-commerce game a bit too late. The retailer currently sells online in about half of the 27 countries where it operates, and about 70 percent of its product offerings are sold online. E-commerce sales went up 35 percent last year.

In response, the company announced it would push its online offerings globally with the goal of reaching $63.7 billion in sales by 2020.

For more:
-See this Ikea press release

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