A Metro Councilwoman said on Tuesday that IKEA would not be opening a location in Antioch in 2020.
IKEA representatives confirmed in a statement Wednesday that the company will not be opening a location in Antioch in 2020.
The company issued this statement:
We are in a rapidly changing retail environment. To be fit for long-term growth, we are creating a new business model to make sure we’re accessible and convenient for our customers today and in the future.
You may have heard our Global CEO Jesper mention recently in interviews that we are looking to expand to more urban city centers to be more accessible to more consumers. As a result, some of our expansion plans may change, but at the same time we are also investing in our e-commerce and services to ensure customers can access IKEA no matter where they are.
While this is an extremely difficult decision, we will not be moving forward with our plans to build a store in Nashville, TN. We thank the city and the developer for their understanding of this recent decision. We appreciate the outpouring of support and excitement that our fans have expressed, and we are disappointed that we will not be able to physically join the vibrant Nashville community.
A representative for Mayor David Briley released this statement;
We are disappointed that IKEA will not be opening its store in Antioch. We understand that the company is moving away from suburban retail outlets. The Century Farms development is important to Antioch and Nashville at large and we will continue to work with the developer to ensure adequate infrastructure is in place for the anticipated development.
Councilwoman Tanaka Vercher told News4 Tuesday she was notified the company would not be coming to Nashville.
“I have been notified that IKEA is not opening any new stories in the U.S. including our Antioch location,” Vercher said in an email to News4. “It is unfortunate but our community is resilient and I’m positive that new businesses will continue to invest in our city.”
Last week IKEA announced it would not be building in Cary, NC, and said the company had “challenged ourselves to re-evaluate some of our upcoming expansion projects.”