Ikea to furnish Memphis store, create 225 jobs
MEMPHIS – Ikea plans to open its first Memphis store, creating 225 jobs, in fall 2016.
The furniture retailer is working out details of an incentives package from the city and Shelby County now, with a ground breaking planned next, according to a recent report in Memphis Business Journal. Ikea plans to buy land at 7807 Interstate 40 near North Germantown Parkway to build a store.
Officials say Ikea plans to buy a large tract of vacant land at 7807 Interstate 40, behind the Costco on North Germantown Parkway, for a new, 269,000-square-foot store.
Ikea spokesman Joseph E. Roth disclosed that at 269,000 square feet, the store will not be Ikea’s smallest. According to the report, rumors that Ikea has not built in Memphis because of concerns over the city’s economy are incorrect. He said Ikea was attracted to Memphis for the opportunity to own a site on Interstate 40 that will draw from Tennessee, Arkansas and Mississippi.
Based in Sweden, Ikea has distribution centers in Savannah, Georgia, and Chicago that will service the Memphis store.
Source: Memphis Business Journal