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Retail Expansion

All articles tagged with #retail expansion

IKEA taps Tulsa for Oklahoma’s first store, a compact-format outlet set for 2026
business8 days ago

IKEA taps Tulsa for Oklahoma’s first store, a compact-format outlet set for 2026

IKEA announced Oklahoma’s first store will open in Tulsa in 2026—a 51,000-square-foot, smaller-format outlet at the former Belk site in Tulsa Hills Shopping Center—with no exact opening date yet; the plan is part of a broader U.S. expansion that includes other cities, while IKEA reported $5.3 billion in 2025 sales and over 61 million store visits; local leaders welcomed the project and more details will be released closer to opening.

Barnes & Noble Announces Major Expansion with New Chicago Stores
business1 month ago

Barnes & Noble Announces Major Expansion with New Chicago Stores

Barnes & Noble is opening its largest Chicago store at 150 N. State St. this summer, taking over a former Old Navy space, as part of a broader expansion in the city. The new 30,000-square-foot store will be a significant addition to the struggling State Street corridor and is one of four new locations opening in Chicago, including stores in Hyde Park, Skokie, and Oak Park. While the expansion is welcomed by some, local independent bookstores are concerned about losing business, with some closing or experiencing declines in sales.

Michaels Revives Joann Fabrics with New Sections and Store Launches
business5 months ago

Michaels Revives Joann Fabrics with New Sections and Store Launches

Michaels is reviving the Joann brand within its stores by creating a new Knit & Sew Shop section using Joann’s branding and products, and expanding its party supplies section, making it North America’s largest specialty fabric and party retailer. This move follows Michaels' acquisition of Joann’s intellectual property after Joann's bankruptcy, aiming to capitalize on the decline of other specialty stores like Joann and Party City. The new sections are already in 840 stores and will expand further, with plans to hire 10,000 seasonal workers for the upcoming holiday season.