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Retail expansion

Why are Ikea and Costco expanding as other retailers close stores and lay off staff?

by Kristin Schwab
Apr 21, 2023
Opening new stores may be a way for some retailers to position themselves for both a downturn and a recovery.
Someone who once shopped at Crate & Barrel may now feel more comfortable on an Ikea budget, which could partially explain the retailer's expansion plan.
Spencer Platt/Getty Images
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