retail expansion Archives - Marketplace

Why are Ikea and Costco expanding as other retailers close stores and lay off staff?

by Kristin Schwab

Apr 21, 2023

Opening new stores may be a way for some retailers to position themselves for both a downturn and a recovery.

Someone who once shopped at Crate & Barrel may now feel more comfortable on an Ikea budget, which could partially explain the retailer's expansion plan.

Spencer Platt/Getty Images

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