Swedish meatballs and furniture, anyone? Ikea to build new 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

  • Hydropothecary cannabis expansion plans to put it among top producers in Canada

    Economic CTV News
    GATINEAU, Que. -- Shares of Hydropothecary Corp. were up nearly 18 per cent after the licensed medical cannabis producer announced plans that will see it further grow its operations in Quebec. The company (TSXV:THCX) says it has acquired property adjacent to its existing facility in Gatineau, Que. Source
  • Desjardins, provincial credit unions and Cumis partnering to create Aviso Wealth

    Economic CTV News
    TORONTO -- Quebec credit union Desjardins Group is partnering with five credit union centrals across the country and insurer Cumis Group Ltd. to form Aviso Wealth, with over $55 billion in combined client assets. The new wealth management company will bring together the businesses of their subsidiaries, Credential Financial Inc. Source
  • PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

    Economic CBC News
    PepsiCo Inc. has reserved 100 of Tesla Inc.'s new electric Semi trucks, the largest known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday. Source
  • MTY Food Group signs deal to buy Imvescor Restaurant Group for $248 million

    Economic CBC News
    MTY Food Group Inc. is growing beyond the shopping mall food court with a $248-million stock-and-cash deal to buy Imvescor Restaurant Group Inc. and its full-service restaurant and grocery products businesses. The friendly deal will bring together such MTY banners as Thai Express, Vanellis and Manchu Wok with Imvescor's Baton Rouge, Pizza Delight and Scores restaurants to create a company with a portfolio of over 5,700 stores under 75 brands. Source
  • Iceland closes gender gap but violence against women remains

    Economic CTV News
    REYKJAVIK, Iceland -- For nine years in a row, the World Economic Forum has ranked Iceland as having the world's smallest gender-equality gap, and for about as long gender studies professor Gyda Margret Petursdottir has been asked how the Nordic island nation became such a paradise for women. Source
  • Lyft ride-hailing app arrives in Toronto, marking its first expansion outside U.S.

    Economic CTV News
    TORONTO -- Ride-hailing service Lyft will be available in Toronto starting today. Torontonians can download the Lyft app to being ordering rides in the city. The company's arrival in Toronto marks the first time it has expanded outside the US. Source
  • Bombardier signs deal to sell Aventra trains in U.K.

    Economic CTV News
    BERLIN - Bombardier Transportation (TSX:BBD.B) has signed a deal to supply 333 new rail cars, along with a contract for maintenance work, with a U.K. rail company. Corelink Rail Infrastructure and West Midlands Trains will receive 333 new Bombardier Aventra vehicles for use on the United Kingdom's West Midlands Trains franchise. Source
  • Toronto leads country in child-care fees; Vancouver close behind

    Economic CBC News
    The cost of child care is rising quickly in Canada, in some cities increasing by as much as 20 per cent from three years ago and more than 10 per cent in most of Canada. Source
  • Ride-hailing service Lyft expands outside U.S. for 1st time to take on Uber in Canada

    Economic CBC News
    Starting today, Torontonians will have another option to get around the city. Lyft has launched outside the U.S. for the first time, putting pressure on Uber for a share of the ride-hailing market. Other Canadian cities are in Lyft's sight as the company, Uber's main rival in the U.S. Source
  • Cost of child care up by 20% in some cities since 2014, report finds

    Economic CBC News
    The cost of child care is rising quickly in Canada, in some cities increasing by as much as 20 per cent from three years ago and more than 10 per cent in most of Canada. Source