By James HirdingbyIKEA is set to add a new station building to its main campus in Edinburgh, in a move that will make the world’s second-biggest furniture brand the envy of the country.
The Swedish furniture giant is set for an ambitious project to turn a former office building into a building that will host the first of its new three Ikea outlets, in the heart of its flagship store.
The project will be the first Ikea store in Scotland, although it will also include a new Ikea cinema and restaurants.
The plans will see the building, on the former site of the station building for the BBC, become the home of a second Ikea outlet in the same building, which is currently home to the BBC Scotland channel.
The new outlet will offer a range of furniture including bedding, chairs and chairsets, as well as accessories.
Ikea’s chief executive said the move would create a “global brand for Ikea”.
He said: “IKEa’s focus has always been on delivering value for money.
We want to make sure we’re doing that and this project is the perfect way to show that.”
This is a great opportunity for us to show the world that we can do it with quality, craftsmanship and customer service.
“Ikeas new office in GlasgowThe BBC Scotland outlet will open in the space previously occupied by the BBCs television station.
The BBC said the new outlet would have an open design with the building’s windows and doors.
The outlet is expected to open in spring 2019, when it is expected be able to serve up its first deliveries.
The news comes as Ikeas latest annual report showed a decline in its share of the UK furniture market, falling to 18.6% from 19.9%.
The broadcaster said that as a result of the decline, its total retail turnover fell by 2.7%.”
This represents a significant reduction in retail sales, which are currently more than double the market growth rate,” said IKEA’s UK chief executive Peter Baudet.”
It’s also a significant increase from the previous year.
In 2018, we were selling more than 50 million pieces of furniture to the UK market.”IKEAS’ UK retail turnover also fell by 1.5% in the second quarter of 2019 compared with the first quarter of 2018, as a drop in UK retail sales resulted in an overall decline in sales of about 2%.
It said its sales to its UK customers, which grew by 4.5%, in 2020 were down by 0.5%.
Its share of UK retail is set at about 14% of the overall market, up from 12.3% in 2018.
IKEAFamily: IkeaUK retail turnover in 2020: £13.2bnTotal UK retail value in 2020£52.3bnThe news also comes as a new study suggests that more than half of UK adults are in the middle of the economic squeeze.
A new YouGov poll for The Times found that the number of people who felt their income was stagnant, while their savings were falling, was at its highest level since the financial crisis.
The number of households in which the main source of income was savings fell by 6.6 percentage points to 22.9%, while those who relied on their main source for income, such as a wage or pension, fell by 9.3 percentage points, to 23.5%; while those relying on pensions fell by 7.9 percentage points.
The UK economy has shrunk by 2% since the start of the year and it has been worse than previous estimates.
The recession has taken its toll on people’s wages and the economy.
The survey of 2,002 adults, conducted between June 27 and July 5, found that only one in three adults feels that their main income is secure, while half of them say that their savings are also in trouble.
The recession has hit on all sides, particularly among younger people.
The number of those aged between 18 and 34 who said they are “feeling insecure” has doubled to 18% from 12%.
The proportion of those in that age group who are “very insecure” also rose to 21%.”
When the recession started, young people were the least likely to feel insecure, but now they are the least confident of all.” “
It’s a generation who has seen its parents’ generation get squeezed and their own generation squeezed, and who are being squeezed by the recession.”
When the recession started, young people were the least likely to feel insecure, but now they are the least confident of all.”
The UK’s inflation rate has been steadily rising since the beginning of the decade.
The Office for National Statistics said inflation for the first half of 2018 was the highest since the mid-1990s, when the global financial crisis began.
The ONS said the fall in the value of sterling since the Brexit vote