SPAIN - Ingka Group, the largest Ikea retailer, opened a new city store in Madrid – Ikea Torrejón.

The opening is part of the retailer’s extensive expansion plan in Spain, which includes investing 150 million euros, opening several new customer meeting points and recruiting more than 1500 new co-workers in three years.

Ikea Torrejón will be the sixth Ikea store in Madrid, along with the full-size Ikea stores in Alcorcón, Ensanche de Vallecas and San Sebastián de los Reyes, and the two city stores in Goya and Las Rozas.

The new city store is part of an extensive expansion plan in Spain, where Ikea will invest 150 million euros and recruit 1500 people in three years (FY23-25). Just during the coming months Ikea Spain will open five additional city stores and a number of plan and order points in Barcelona, Madrid and Andalucía. Adding to this Ikea Spain will open more than 60 branded collection points across Spain.

Spain has been chosen by Ikea Retail (Ingka Group) as a country with strong growth potential in which to test projects that will foreseeably mark its future. The investment is also part of the company’s global strategy to open new formats in city centres, to get closer to ‘the many people’.