Ikea to close first big UK store, putting 350 jobs at risk

Swedish chain says Coventry city centre store loses money and will shut this summer Ikea is to close its Coventry city centre store this summer, marking the first closure of one of its large format UK branches.The Swedish furniture chain says the shop has consistently lost money since it opened in 2007, with a declining number of visitors as shoppers visit retail parks or buy online instead. Continue reading...