IKEA Canada Receives Necessary Approvals for Winnipeg Expansion



    IKEA to open new store in Winnipeg

    BURLINGTON, ON, May 29 /CNW/ - IKEA Canada announced today that they have
now received the necessary site plan approval for the new IKEA store at
Kenaston Boulevard and Sterling Lyon Parkway in Winnipeg, Manitoba. Following
the completion of the approved infrastructure changes, construction on the
IKEA store will begin. The store will be open sometime between late 2011 and
2013, taking roughly 18 months to build. The IKEA store, approximately 350,000
sq ft, will serve as an anchor in a retail development of up to 1,500,000 sq
ft in which IKEA will also be a development partner.
    "We are happy to be able to move forward with our expansion into the
Winnipeg market." Says Kerri Molinaro, President, IKEA Canada. "We will look
forward to serving the Winnipeg market and are confident that we will have a
positive impact on the community through job creation and service contracts."

    IKEA is a leading home furnishings retailer with 275 stores in 36
countries worldwide, which are visited by 522 million people every year. IKEA
Canada has 11 stores which are visited by over 25 million people every year.
Last year the ikea.com websites attracted 450 million visitors. Founded in
1943, IKEA's business philosophy is to offer a wide range of products of good
design and function at prices so low, the majority of people can afford them.
For more information on IKEA, please visit: www.ikea.ca.





For further information:

For further information: Madeleine Lowenborg-Frick, National Public
Relations Manager, IKEA Canada, mdlw@memo.ikea.com, (905) 637-9440 x6378


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