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The IKEA thread


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#161 FirstTimeHomeCrier

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Posted 12 October 2017 - 01:42 PM

Maybe Target will buy the leases. Wouldn't that be great if Target came to Canada. Kind of weird that they...

 

I'm getting some weird deja vu here.



#162 aastra

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Posted 12 October 2017 - 01:50 PM

We've talked about deja vu before.


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#163 shoeflack

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Posted 12 October 2017 - 02:21 PM

But when you look at the Winnipeg or Halifax locations they're literally on the very outer edge of the populated area of the CMAs. Another kilometer further out and they'd be on the farm or in the wilderness. Why are they such exceptionally un-central sites? They're about as physically alienated from the majority of the people in their local markets as they could possibly be.

 

With their new stores (as opposed to re-builds), they seem to often go the more outer-band of a city route. But then communities just boom around them. There's obviously some very strategic thought into the locations.

 

I was at the IKEA Winnipeg location this past summer. The amount of development happening in that area, in particular in the areas south of the store...it's absolutely mind boggling. It won't be in an outer-edge location for long.



#164 Jackerbie

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Posted 12 October 2017 - 02:23 PM

^I bet if you spoke with IKEA's marketing department they would tell you they have a very loyal customer base that is willing to travel to go to their stores. Their customers also go to IKEA as a sort of special outing - this isn't the type of store you go to weekly or even monthly - so if going to an IKEA is a bit of a trek, their customers are apparently OK with that. 

 

As someone who has lived a ten minute drive from an IKEA for the last four years, I can tell you that monthly trips are absolutely a thing that people do. Gotta check the "As Is" section frequently, you know! Plus, free coffee if you're there a half hour before they open.


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#165 manuel

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Posted 12 October 2017 - 02:54 PM

Two things all IKEA full sized stores have in common. 1, standalone building on a big property and 2, easy access to a major highway. Hillside provides neither of those two.

 

If IKEA went with Hillside, it would stray away big time from their current full size store format. In fact it would be their first full size storefront not on its own property, as well as the only one so far away from a highway.

 

Maybe Saanich will offer up Cuthbert Holmes Park...primo location once the new interchange is in!

 

IKEA Ottawa fails the first test.  It is in a (big) strip mall in the west end of Ottawa right beside a Linen Chest and Sears.  It is right beside the 417 though.

 

How big are the Victoria and Nanaimo Sears stores vs. the IKEA full size and small size standards?

 

Hillside: 149,000 sq ft

Nanaimo North:  144,000 sq ft

 

from Shoeflack:

One interesting note about this London location is the size. At only 270,000 sq ft, IKEA is going with a much smaller than usual footprint. Halifax just opened at 330,000 sq ft, while Quebec City is slated to be 340,000 sq ft.


Edited by manuel, 12 October 2017 - 03:31 PM.

"I know nothing"

#166 shoeflack

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Posted 12 October 2017 - 03:03 PM

IKEA Ottawa fails the first test.  It is in a (big) strip mall in the west end of Ottawa right beside a Linen Chest and Sears.  It is right beside the 417 though.

 

How big are the Victoria and Nanaimo Sears stores vs. the IKEA full size and small size standards?

 

Sure, but it's a standalone building is what I'm getting at. It's not attached to anything other than itself. Many IKEA stores have other shops nearby, but all are standalone buildings.

 

Sears Hillside is just shy of 149,000 sq ft. So right around half the size of the newly announced London location, which will be the smallest full service IKEA store in the country (I believe it's smaller than the Burlington location, which IKEA has been trying to replace for years).



#167 VicHockeyFan

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Posted 12 October 2017 - 03:13 PM

I have not been in an IKEA for about 25 years.  What percentage of their space do you think is warehouse, compared to showroom/sales floor?



#168 shoeflack

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Posted 12 October 2017 - 03:20 PM

The off-limit warehouse space is not massive. It'd be similar to Costco in that most of the inventory is stocked in racks above the self-pickup furniture area, with some off limits areas (i.e.: receiving, the kitchen stuff that they pick for you, etc.)

 

I'd have to suggest that at least 75% or more of an IKEA is shopable space.

 

EDIT: Here's the Development Permit for the new Richmond store...somewhat grainy images, but you get the idea. Most space is usable by the customer.


Edited by shoeflack, 12 October 2017 - 03:32 PM.

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#169 Jackerbie

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Posted 12 October 2017 - 03:47 PM

The off-limit warehouse space is not massive. It'd be similar to Costco in that most of the inventory is stocked in racks above the self-pickup furniture area, with some off limits areas (i.e.: receiving, the kitchen stuff that they pick for you, etc.)

 

I'd have to suggest that at least 75% or more of an IKEA is shopable space.

 

EDIT: Here's the Development Permit for the new Richmond store...somewhat grainy images, but you get the idea. Most space is usable by the customer.

 

For IKEA in Richmond the total warehouse area is 69,050 sq. ft., and the total retail area is 275,782 sq. ft.


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