IKEA is set to open a new store in downtown San Francisco, the company announced this week, defying an onrush of retail departures that has slammed the city center.
They pointed to sluggish sales at some stores due in part to a longstanding shift away from brick-and-mortar retail that went into overdrive during the pandemic, they added. The rise of
-- a trend even more pronounced in the Bay Area's tech industry -- also has slashed the number of office commuters downtown, they said.Bloomberg via Getty Images Despite the trend, IKEA San Francisco Market Manager Arda Akalin voiced optimism about the store opening in a statement. "We are so excited to open the doors of our new IKEA store to our neighbors in the San Francisco area," Akalinon Tuesday. "We appreciate the excitement and support from the community and can't wait for our customers to experience the new store full of affordable home furnishings and solutions that reflect who San Franciscans are and how they live.
"We know the future of Downtown will look different, but we also know that San Francisco is a resilient city that embraces change and is always working to build what comes next. We are proud to welcome IKEA to be part of that future," Breed added.
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