These "retail apocalypse" articles are funny. Even funnier is the "nothing opens except stores for the wealthy" claim.
IKEA just announced its largest urban format store on the planet today, so I guess they didn't get the message. Will be right in Midtown. And I'm fairly certain IKEA isn't for billionaires.
That is the trend. High end or low end. Ikea would be on the latter.
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I'm throwing my arms around Paris.