IKEA to invest €50M in building warehouses in Portugal

IKEA to invest €50M in building warehouses in Portugal

In order to reduce dependence on warehouses located in Spain, and also to respond to the growth of online sales, IKEA will invest 50 million euros to build new warehouses in Portugal.

"At the moment, our country works with a logistics centre that is still in Spain and we consider that it is very far from what our market is. We want to be more efficient, we have greatly increased the 'share' online, and the closer we are to customers, the better the shopping experience," says Ricardo Pereira, CFO and deputy director of Ikea Portugal, quoted by Idealista/news.

The €50 million investment includes a large warehouse that is being built in Loures, as well as small investments in the logistics section of shops such as the one in Alfragide. "The logistical transformation of Ikea's business, crucial to this growth, involves renovations and extensions in the Alfragide and Loures buildings, with the creation and improvement of support areas for logistics processes and e-commerce, but also the opening of new physical points of contact, with the opening of new planning studios," the statement said.

It should also be noted that, as of next spring, the Swedish multinational company will have a new planning studio on Avenida da República, its first shop in downtown Lisbon.

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