Marketplace is a public service newsroom powered by you. Give Now

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

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