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Ikea delays Oxford Street opening until autumn 2024

Ikea has delayed the opening of its new site on London’s Oxford Street until autumn next year.

According to the retailer, the delay was credited to “ensuring optimal preservation” of the former Topshop flagship store.

The retailer added that 150 jobs will be created by the new 82,000 sq ft store, which will span across six floors and feature over 6,000 products.

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“We’re incredibly excited to be bringing Ikea to the heart of London’s vibrant retail scene on Oxford Street,” Ikea UK chief executive Peter Jelkeby said.

“By having a presence at one of the most iconic shopping destinations in the world, we’re taking a significant step forward in our ongoing journey to make it easier to shop with Ikea– whenever, wherever and however customers choose.”

Ingka Investments managing director Peter van der Poel added: “When refurbishing this over one-hundred-year-old historic landmark, it’s important for us as an investor to treat the building with care and to preserve its characteristics and atmosphere.

“At the same time, we want to upgrade it to today’s standards with the best possible sustainability credentials.

“To ensure all of this, the extensive refurbishment will take more time than initially anticipated.”

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Ikea is ranked as a leading retailer in the 2023 RetailX Global Elite Top1000 report, click here to download.

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