Business & Tech
Nashville Ikea Dead: Report
The Tennessean reports that Swedish discount consumer-durables giant Ikea is cancelling its Nashville plans.
NASHVILLE, TN — Ikea is pulling out of Nashville, according to The Tennessean.
Citing a source familiar with the Swedish retailer’s plans, the newspaper said the company is pivoting to a more online-focused model, resulting in a slowdown of brick-and-mortar projects, including the cancellation of the location in Antioch.
(For more updates on this story and free news alerts for your neighborhood, sign up for your local Middle Tennessee Patch morning newsletter.)
Find out what's happening in Nashvillefor free with the latest updates from Patch.
Councilwoman Tanaka Vercher confirrmed the report to WSMV.
“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 the station. “It is unfortunate but our community is resilient and I’m positive that new businesses will continue to invest in our city.”
Find out what's happening in Nashvillefor free with the latest updates from Patch.
Almost a year ago to the day, the company announced with much fanfare it would place a 341,000 square-foot store in the Century Farms development south of Bell Road near Interstate 24 off a new Hickory Hollow interchange.
It was to begin construction in 2019 with a 2020 opening. Tennessee’s first Ikea opened in Memphis last year.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.