IKEA Proposes Plans for Fort Worth Store to Open Summer 2019 as Third Dallas-Fort Worth-Area IKEA Store and Sixth in State

CONSHOHOCKEN, Pa.–(BUSINESS WIRE)–IKEA, the world’s leading home furnishings retailer, has submitted a
proposal to the City of Fort Worth, Texas for the Swedish company’s
third Dallas-Fort Worth-area store and sixth in the state. Pending
necessary approvals and agreements, construction of an IKEA Fort Worth
could begin Spring 2018, with an opening Summer 2019. Until then,
Metroplex customers can shop at Collin County’s IKEA Frisco, online at IKEA-USA.com,
or in Grand Prairie as of Fall 2017. Two other Texas stores are located
in Houston and Round Rock, and a San Antonio-area store is planned to
open Summer 2019 in Live Oak.


Located approximately 10 miles north of downtown Fort Worth, the
289,000-square-foot proposed IKEA Fort Worth and its 900 parking spaces
would be built on 27 acres at the southwestern corner of Interstate 35W
and N. Tarrant Parkway. Store plans reflect the same unique
architectural design for which IKEA stores are known worldwide. IKEA
also would evaluate potential on-site power generation to complement its
current U.S. renewable energy presence at nearly 90% of its U.S.
locations.

“We are thrilled with our success in North Texas since opening our first
store 11 years ago, so we are excited to propose a Fort Worth store to
grow our Dallas-area reach,” said Lars Petersson, IKEA U.S. president.
“This proposed Fort Worth store would complement our Dallas-area
presence in Frisco and soon in Grand Prairie by bringing the unique
family-friendly shopping experience even closer to customers in the
western part of the Metroplex.”

The proposed IKEA Fort Worth would feature nearly 10,000 exclusively
designed items, 50 inspirational room-settings, three model home
interiors, a supervised children’s play area, and a 325-seat restaurant
serving Swedish specialties such as meatballs with lingonberries and
salmon plates, as well as American dishes. Other family-friendly
features include a ‘Children’s IKEA’ area in the Showroom, baby care
rooms, play areas throughout the store, and preferred parking. In
addition to the more than 500 jobs that are expected to be created
during the construction phase, more than 250 coworkers would join the
IKEA family when the proposed store opens. The proposed IKEA Fort Worth
also would provide significant annual sales and property tax revenue for
local governments and schools.

Drawing from its Swedish heritage and respect of nature, IKEA strives to
minimize its operations’ carbon emissions because reducing its
environmental impact makes good business sense. IKEA evaluates locations
regularly for conservation opportunities, integrates innovative
materials into product design, works to maintain sustainable resources,
and flat-packs goods for efficient distribution. U.S. sustainable
efforts include: recycling waste material; incorporating key measures
into buildings with energy-efficient HVAC and lighting systems, recycled
construction materials, warehouse skylights, and water-conserving
restrooms; and operationally, eliminating plastic bags from the
check-out process, phasing-out the sale of incandescent light bulbs,
facilitating recycling compact fluorescent bulbs, and sells only LED
bulbs. IKEA U.S. has installed electric vehicle charging stations at 16
locations, has solar arrays at 90% of its locations, and owns two wind
farms in the U.S.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of
good design and function at low prices so the majority of people can
afford them. There are currently more than 390 IKEA stores in 48
countries, including 43 in the U.S. IKEA has been included in rankings
of “Best Companies to Work For” and, as further investment in its
coworkers, has raised its own minimum wage twice in two years. IKEA
incorporates sustainability into day-to-day business and supports
initiatives that benefit children and the environment. For more
information see IKEA-USA.com,
@IKEAUSANews,
@IKEAUSA
or IKEAUSA on Facebook,
YouTube,
Instagram
and Pinterest.

Contacts

IKEA
Joseph Roth, Expansion Public Affairs
(610)
834-0180, x 6500