IKEA Confirms St. Louis Store Opening, Expects To Be ‘Super Regional Draw’

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

The Swedish retailer IKEA disclosed plans to build a 380,000-square-foot store in St. Louis, a project expected to create 500 construction and 300 permanent jobs and be completed in fall 2015.

An IKEA real estate manager said the site is among IKEA’s few urban concepts, and was selected because of highway visibility and accessibility; centrality in the region; and available land. The St. Louis store is expected to generate more than $100 million in annual sales.

Mayor Francis Slay said IKEA’s site selection will be a boon for the city and state in the form of $250 million in tax dollars over the next two decades. “National and international retailers have done a very good job of fleeing (the city) for the suburbs,” he said. “IKEA chose a location in the city of St. Louis over the suburbs and I’m very, very proud of that,” he said.

Ikea officials said they expect the St. Louis store will draw customers from more than an hour away, reaching into six states and eight metropolitan regions. IKEA is also building a store outside of Kansas City that is scheduled to open in fall 2014.

Read more from the St. Louis Business Journal and the St. Louis Post-Dispatch


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