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Ikea store to ratchet competition among Dominican retailers

Santo Domingo.- The Ikea department store will open its doors to Dominican shoppers tomorrow Wednesday with an attractive catalogue featuring furniture and some major appliances.

Since 2008 the Swedish multinational company began construction with president Leonel Fernandez heading the groundbreaking near the Americana department store, on Kennedy avenue, becoming the retail giant’s first outlet in Latin America.

The store, maker of furniture and of decorative articles was built at a cost of more than US$85 million, created 563 direct jobs and 2,000 indirect ones.

It’s expected to spur competition, and provide better deals for shoppers, who can also benefit from its reasonably priced restaurant and a playground for the kids.

The president of Ikea for Dominican Republic and Canary Islands, Anders Alm, is reportedly a resident of the resort region Punta Cana (east).

Written by: Mikey Terc
Published Saturday, March 06, 2010 2:10 PM by Jocelyn Hernandez Irizarry

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