Furniture retailer IKEA said on Wednesday that it plans to close its store in Tottenham, London later this year, a move that would impact 450 jobs at risk.
“The proposal to close the Tottenham store follows an extensive assessment of IKEA UK’s presence in London in line with changing shopping behaviors,” IKEA said, noting that recently, about half of its sales were made online.
“This, combined with the redevelopment of the area where the store is located, prompted (IKEA) to assess the long-term viability of the site.”
The retailer has begun consultation with workers that will be affected by the shut down, it said in a statement. IKEA said that it plans to create over 600 other jobs across London to relocate affected employees.
The store’s closing date is yet to be announced, and customers may still visit it at normal operating hours.
IKEA has five other London stores, which are in Croydon, Greenwich, Hammersmith, Lakeside and Wembley. It also plans to open another in Oxford Street.
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