Ikea to open four new stores in France

23rd September 2004, Comments 0 comments

PARIS, Sept 23 (AFP) - The Swedish furniture giant Ikea is to open four new stores in France next year, creating 1,000 new jobs, the head of the company's French subsidiary said on Thursday.

PARIS, Sept 23 (AFP) - The Swedish furniture giant Ikea is to open four new stores in France next year, creating 1,000 new jobs, the head of the company's  French subsidiary said on Thursday.  

Ikea France, which saw its sales rise sharply this year, plans to open a store in Franconville, north of Paris, and one in the Mediterranean city of Montpellier in the spring of 2005, said managing director Jean-Louis Baillot.  

Two more stores will follow next autumn, in eastern Dijon and southeastern Saint-Etienne, Baillot told a press conference.  

The new stores will represent an investment of EUR 200 million (USD 245 million), and will lead to the creation of 1,000 new jobs, he said.  

With 14 stores, employing 4,800 people, and 27 million visitors registered last year, Ikea France is already the country's third largest furniture retailer after Conforama and But.  

However the company claims that only one French home in three currently lives within reach of an Ikea store. The chain hopes to open three or four new stores per year, and eventually to operate around 40 outlets, Baillot said.  

Ikea France had a turnover of some EUR 1.097 billion in 2003-2004, representing a 13.7 increase on the previous year.

 

© AFP

Subject: French News

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