Swedish meatballs and furniture, anyone? Ikea to build store in Halifax

HALIFAX -- Ikea has announced plans to build a full-size store in the Halifax area, the first of 12 new stores the Scandinavian furniture chain will roll out across Canada over the next decade.

See Full Article

Stefan Sjostrand, the president of IKEA Canada, said the 30,472 square-metre store will be located in the Dartmouth Crossing retail area and will include a showroom, playroom and restaurant featuring the company's signature Swedish meatballs.

"I got mail from the people living in Halifax, in Nova Scotia, asking us to open up a store in the area, and I'm very thrilled to be able to make this announcement for the people living here," said Sjostrand in an interview prior to the official announcement in Halifax on Friday.

Construction is expected to start this summer and will take roughly 14 to 16 months to complete, said Sjostrand.

He said the decision to set up shop in Halifax came after more than a year of site visits and consultations and was based on factors such as population and location accessibility.

"It's important that we're close to where the main traffic is, so we can reach as many people as possible," said Sjostrand, who is originally from Sweden.

"There was also a site ready for us, so that speeded up the process to become the first stop on this fantastic expansion journey we have in front of us."

Sjostrand wouldn't say if there are more Ikea stores in Atlantic Canada's future. But he said he believes people will travel from across the region to visit the Halifax store.

"The combination of our knowledge of how people live their lives at home, and our inspiration, low prices and quality, it gives customers reasons to visit our stores," said Sjostrand.

The official announcement prompted plenty of positive reaction on social media, following a two-day flurry of speculation that began minutes after Ikea first said it was about to unveil plans for Halifax.

"I hope this is a lifelong relationship, Ikea, and not just a one night stand like that jerk Target," tweeted Halifax user @LauraORourke, referring to Target's short-lived foray into the Canadian market.

"New IKEA store would open by the end of this year, but they're having problems following the instructions to assemble it," noted the bloggers behind @NSTreasures.

At least one Halifax resident seized the opportunity to spite the city's regional rival of Moncton, N.B.

"IKEA coming to Halifax. Full store. Up yours Moncton!" posted @warrenhaight.

The new store marks the return of Ikea to the province. The chain opened its first Canadian store in Halifax about 40 years ago but it closed several years later.

He said the new store will be its most sustainable in Canada, with rooftop solar panels providing electricity to the building, a geothermal energy generation system for heating and cooling and LED lighting throughout the store.

"It's so important to work towards sustainability. Sustainability should not be a luxury for a few, it should be available to many," said Sjostrand, adding that Ikea sold more than one million LED bulbs in Canada over the past year.

"If we can support our customers to live a more sustainable life at home, that could have a huge impact on their environment."

Sjostrand said the company is aiming to be energy independent by 2020.

An Ikea representative said via email that store employees would be paid a base salary that is five per cent above the Canadian retail industry standard.

Stephanie Kerr said Ikea also provides employees with a retirement savings program known as TACK! - "thank you" in Swedish - as well as a bonus program and health spending account.



Advertisements

Latest Economic News

  • Biggest U.S. banks strong enough to withstand recession: Fed

    Economic CTV News
    In this Thursday, Nov. 17, 2016, file photo, Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, before the Joint Economic Committee. (AP Photo/Susan Walsh, File) Source
  • Postmedia selling Infomart division

    Economic CBC News
    Postmedia Network Canada Corp. has signed a deal to sell Infomart, its media monitoring division, to Meltwater News Canada Inc. for $38.25 million. The cash-strapped media company says net proceeds from the sale will be used to repay debt. Source
  • A new platform for Whole Foods? How deal could upend grocery

    Economic CTV News
    NEW YORK -- Seeing Whole Foods products first in Amazon searches? Breezing through the grocer's stores with an app that scans affordable fruits and seafood? Those are among the possible scenarios that unnerved the food industry last week, when Amazon announced a $13.7 billion megadeal to acquire Whole Foods. Source
  • Foreign home buyers surge 37 per cent in Montreal on growth in Chinese purchases

    Economic CTV News
    MONTREAL -- Canada's federal housing agency says the number of foreign buyers in the Montreal area surged by 37 per cent in the first four months of the year. The 236 purchases by foreigners accounted for 1.8 per cent of all real estate transactions from January to April, the Canada Mortgage and Housing Corp. Source
  • Qatar Airways seeks 10% stake in American Airlines

    Economic CBC News
    State-owned Qatar Airways is attempting to buy 10 per cent of American Airlines, a surprising move that would trigger an antitrust review by the U.S. government and carry political and trade-policy implications. American Airlines Group Inc. Source
  • Boeing plays down Bombardier dispute, still hopes to sell fighter jets to Canada

    Economic CTV News
    OTTAWA - A senior Boeing official says the U.S. aerospace giant's trade dispute with Montreal-based rival Bombardier is a "company-to-company issue." And Leanne Caret, the head of Boeing's massive defence, security and space division, still hopes to sell Super Hornet fighter jets to Canada. Source
  • Full list of 59 Sears Canada stores slated to close

    Economic CTV News
    Sears Canada will be closing stores in every province except Prince Edward Island, as the retailer slashes 2,900 jobs amid a major restructuring effort. Sears filed for court protection from creditors on Thursday, before announcing that it will close 20 full-line locations, 15 Sears Home stores, 10 outlet stores and 14 Sears Hometown locations. Source
  • Canadian retail sales top April forecasts

    Economic CBC News
    Canadian consumer spending in April was stronger than expected, which economists say lends weight to the Bank of Canada's recent suggestions that interest rate hikes could be on the way. Statistics Canada reported Thursday that retail sales for April rose by 0.8 per cent on a monthly basis to $48.6 billion. Source
  • Warren Buffett’s company buys into Toronto-based Home Capital

    Economic Toronto Sun
    TORONTO - Home Capital Group Inc. says American investment firm Berkshire Hathaway Inc. has agreed to indirectly acquire $400 million of its common shares in a private placement and provide a new $2 billion line of credit to its subsidiary, Home Trust Company. Source
  • Sears Canada cutting 2,900 jobs, closing 59 locations

    Economic Toronto Sun
    TORONTO — Sears Canada said Thursday it is seeking court protection from its creditors in order to restructure its business. The struggling retailer has piled up losses and seen its stock dive, losing more than 80 per cent of its value in the last year, despite efforts to reinvent itself at a time when more Canadians are shirking bricks-and-mortar in favour of online shopping. Source