Alongside Ikea, Ingka Centres is shifting focus from out-of-town to smaller inner-city locations as it adapts to digitalisation and changing consumer behaviours. It is hunting for property in some 40 major cities, and in 2020 inked its first acquisitions, in London and San Francisco.
He said after Covid-19 restrictions were lifted in the spring, visitors quickly returned to the company's malls, which it refers to as meeting places. Many retail chains are looking to reduce their overall net store count as their customers increasingly shop online.
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