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

  • Canadian financial companies investing in overseas coal plants despite push against

    Economic CTV News
    OTTAWA - Canada's national pension fund manager is among a group of Canadian companies that are undermining the federal government's international anti-coal alliance by investing in new coal power plants overseas, an environmental organization says. Source
  • Canadians swindled out of $1.7M via cryptocurrency scams this year

    Economic CTV News
    TORONTO - Canadians have been swindled out of than $1.7 million via scams involving cryptocurrencies such as bitcoin so far this year - more than double the amount during all of 2016. The Canadian Anti-Fraud Centre says that's more than five times the amount people lost to these types of scams in 2015, which was roughly $284,000. Source
  • Asian stocks rise after U.S. jobs report

    Economic CTV News
    TOKYO - Share prices were higher in Asia on Monday, lifted by encouraging employment data from the U.S. that took the Standard & Poor's 500 index to its third straight weekly gain on Friday despite weakness earlier in the week. Source
  • Location, location, location: How your health-care coverage is linked to where you live in Canada

    Economic CBC News
    Two men, different provinces, the same life-changing surgery, yet one has to pay out of pocket and the other is covered by the public health-care system in what some call Canada's medical "postal code lottery." Peter Pawlik, a hearing-impaired Calgary man, is travelling to Austria to get a life-changing medical device surgically implanted that will help him hear clearly for the first time. Source
  • Bitcoin futures set to begin trading at Chicago exchange

    Economic CTV News
    CHICAGO -- A security based on bitcoin, the digital currency that has exploded in popularly and volatility this year, was to begin trading on a major U.S. exchange for the first time on Sunday. The Chicago Board Options Exchange, one of the nation's largest traders of options and futures, planned to open up bitcoin futures for trading at 5 p.m. Source
  • Bitcoin futures rise as virtual currency hits major exchange

    Economic CTV News
    CHICAGO -- The first-ever bitcoin future began trading Sunday as the increasingly popular virtual currency made its debut on a major U.S. exchange. The futures contract that expires in January rose $340 to $15,800 in the first hour and 15 minutes of trading on the Chicago Board Options Exchange. Source
  • Shoppers rankled by doorstep theft of big-ticket deliveries

    Economic CTV News
    Todd Bailey is fed up with delivery companies that drop his online purchases at his door. A few years ago, the Grande Prairie, Alta., resident was at the hospital for the birth of his child when a big-screen TV he had ordered was left on his front stoop. Source
  • Even the best companies can't eliminate cyber attacks: experts

    Economic CTV News
    TORONTO -- Companies trying to stay ahead of the increasing threat of cyberattacks need to be cognizant of one simple fact: there is no perfect antidote or turnkey solution against criminals bent on breaching their systems. Source
  • 'Well, there's no limit on it': Ohio student makes a fortune buying Canadian-invented ether cryptocurrency

    Economic CBC News
    Eddy Zillan is an 18-year-old high school senior in Cleveland. He loves going to car shows and he plans to attend dental school after he graduates to become an orthodontist. In many ways, he's like most students his age except for the fact that he's made a fortune buying and selling cryptocurrencies. Source
  • Trump says Trudeau left out lumber, energy while talking trade numbers

    Economic CBC News
    U.S. President Donald Trump regaled a rally of supporters Friday night with a story about a disagreement with Canada's prime minister, then sprinkled his tale with some questionable statistics about international trade. Trump told a partisan crowd in Florida that he and Justin Trudeau had a closed-door debate about trade balances. Source