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November 2015
An Overview of IKEAand the Proposal for a
Jacksonville IKEA Store
Mike Maier, US Real Estate ManagerLiz Gabor, Real Estate Manager
2
AgendaAgenda
I. Overview of IKEA
II. The Benefits of IKEA
III. A Jacksonville Store
IV. Timeline & Next Steps
I. Overview of IKEA
II. The Benefits of IKEA
III. A Jacksonville Store
IV. Timeline & Next Steps
2
3
IKEA has grown into a worldwide business– More than 370 stores in 47 countries– 1002 suppliers extend reach into 51 countries– Catalog distribution to more than 217 million people
worldwide in 33 different languages
IKEA has grown into a worldwide business– More than 370 stores in 47 countries– 1002 suppliers extend reach into 51 countries– Catalog distribution to more than 217 million people
worldwide in 33 different languages
Who We Are: Our OriginsWho We Are: Our Origins
The letters in IKEA come from the name Ingvar Kamprad, our founder
He grew up on a farm called Elmtaryd in Agunnaryd (a parish in southern Sweden)
Started company at age 17
The letters in IKEA come from the name Ingvar Kamprad, our founder
He grew up on a farm called Elmtaryd in Agunnaryd (a parish in southern Sweden)
Started company at age 17
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Who We Are: Our Unique StoresWho We Are: Our Unique Stores
Our Approach– Furniture & Accessories all under one roof– 10,000 items available on-site designed/produced by IKEA– See product, take home, assemble & enjoy on same day
Furniture Showroom– Displays and room settings reflecting all areas of home
Marketplace accessories – Cookware, rugs, lamps, etc.
Self-serve Furniture Area Swedish Food Offer
– Restaurant, Bistro, Food market
Supervised children’s play area
Our Approach– Furniture & Accessories all under one roof– 10,000 items available on-site designed/produced by IKEA– See product, take home, assemble & enjoy on same day
Furniture Showroom– Displays and room settings reflecting all areas of home
Marketplace accessories – Cookware, rugs, lamps, etc.
Self-serve Furniture Area Swedish Food Offer
– Restaurant, Bistro, Food market
Supervised children’s play area
6
Major Fiscal Contributions
– Tax revenue for state, local governments and schools
– 250 full- and part-time jobs
– More than 500 construction jobs
– Higher than average per square foot construction costs
– Regional draw brings additional dollars into local community
Major Fiscal Contributions
– Tax revenue for state, local governments and schools
– 250 full- and part-time jobs
– More than 500 construction jobs
– Higher than average per square foot construction costs
– Regional draw brings additional dollars into local community
Who We Are: Economic ContributorWho We Are: Economic Contributor
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IKEA Aims to be Employer of Choice– 250 full- & part-time jobs
• Up to 50 management positions
– Diverse opportunities– Gateway to global careers– IKEA hires from the local area– Competitive salaries for coworkers– Coworkers @ 20+ hrs/wk eligible for health benefits– Bonus program, 401(k) matching, pension plan,
tuition reimbursements– Turnover rate less than industry standard
IKEA Aims to be Employer of Choice– 250 full- & part-time jobs
• Up to 50 management positions
– Diverse opportunities– Gateway to global careers– IKEA hires from the local area– Competitive salaries for coworkers– Coworkers @ 20+ hrs/wk eligible for health benefits– Bonus program, 401(k) matching, pension plan,
tuition reimbursements– Turnover rate less than industry standard
Who We Are: Creator of Good JobsWho We Are: Creator of Good Jobs
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IKEA was named to Working Mother’s list of 100 Best Companies for working mothers 4 years in a row
IKEA was named to Working Mother’s list of 100 Best Companies for working mothers 4 years in a row
Recognized by FORTUNE’s ‘100 Best Companies to Work For’ 3 years in a row
Recognized by FORTUNE’s ‘100 Best Companies to Work For’ 3 years in a row
Named among Training’s top 125 T&D programs 5 years in a row
Named among Training’s top 125 T&D programs 5 years in a row
Who We Are: Top Place to WorkWho We Are: Top Place to Work
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Swedish heritage = respect for nature = minimize impact on environment– IKEA believes we can be a good business
while doing good business
Swedish heritage = respect for nature = minimize impact on environment– IKEA believes we can be a good business
while doing good business
Who We Are: A Sustainable CompanyWho We Are: A Sustainable Company
Sustainability is a cornerstone of our business– Smart product design & production– Flat-packing of goods & efficient distribution– Store operations & policies
• Recycling/waste reduction• No more plastic bags @ checkout• Incandescent bulb phase-out / LED• Renewable energy, including 90% solar presence in US• EV charging stations @ 13 US stores so far
Sustainability is a cornerstone of our business– Smart product design & production– Flat-packing of goods & efficient distribution– Store operations & policies
• Recycling/waste reduction• No more plastic bags @ checkout• Incandescent bulb phase-out / LED• Renewable energy, including 90% solar presence in US• EV charging stations @ 13 US stores so far
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Who Shops at IKEA Stores?Who Shops at IKEA Stores?
IKEA Customers– ‘IKEA is for the many’
• College students• Young families• Empty-nesters• Senior citizens• And everyone in between…
IKEA Customers– ‘IKEA is for the many’
• College students• Young families• Empty-nesters• Senior citizens• And everyone in between…
– On average, their visits last 2-3 hours each – On average, their visits last 2-3 hours each
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France
Germany
Greece
Hungary
Iceland
India *
Indonesia
Ireland
Israel
Italy
Japan
Jordan
Kuwait
Latvia *
France
Germany
Greece
Hungary
Iceland
India *
Indonesia
Ireland
Israel
Italy
Japan
Jordan
Kuwait
Latvia *
Lithuania
Malaysia
Morocco *
Netherlands
Norway
Oman *
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Serbia *
Singapore
Lithuania
Malaysia
Morocco *
Netherlands
Norway
Oman *
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Serbia *
Singapore
Where We Are: Countries with IKEA StoresWhere We Are: Countries with IKEA Stores
(* = new country with announced intentions to open a store)
Slovakia
Slovenia *
South Korea
Spain
Sweden
Switzerland
Taiwan
Thailand
Turkey
Ukraine *
United Arab Emir
United Kingdom
USA
Slovakia
Slovenia *
South Korea
Spain
Sweden
Switzerland
Taiwan
Thailand
Turkey
Ukraine *
United Arab Emir
United Kingdom
USA
Australia
Austria
Belgium
Bulgaria
Canada
China
Croatia
Cyprus
Czech Rep.
Denmark
Domin. Rep.
Egypt
Estonia *
Finland
Australia
Austria
Belgium
Bulgaria
Canada
China
Croatia
Cyprus
Czech Rep.
Denmark
Domin. Rep.
Egypt
Estonia *
Finland
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Where We Are: U.S. IKEA StoresWhere We Are: U.S. IKEA Stores
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Tampa, FL
West Chester, OH
In the U.S. In the U.S.
Some Recent U.S. IKEA StoresSome Recent U.S. IKEA Stores
Charlotte, NC
Brooklyn, NY
Merriam, KS
Sweetwater, FL
Centennial, COCentennial, CO
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Upcoming U.S. IKEA StoresUpcoming U.S. IKEA Stores
Renton, WA
Burbank, CA
Columbus, OH
St. Louis, MOLas Vegas, NV
Memphis, TN
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Sweden has approved evaluating new markets– Jacksonville is one that was identified
• To help grow our presence in Southeast– Far enough from existing stores
• Major metropolitan area• Large enough population base
– Already 57,000 customers here– Preferred site under contract
• Available land, infrastructure, interstate access, visibility
Assessment advanced far enough to:– Introduce IKEA to the City/Community– Seek approvals to build and operate an IKEA store
Sweden has approved evaluating new markets– Jacksonville is one that was identified
• To help grow our presence in Southeast– Far enough from existing stores
• Major metropolitan area• Large enough population base
– Already 57,000 customers here– Preferred site under contract
• Available land, infrastructure, interstate access, visibility
Assessment advanced far enough to:– Introduce IKEA to the City/Community– Seek approvals to build and operate an IKEA store
Why Are We Here?Why Are We Here?
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Proposed Site: I-295 & Gate ParkwayProposed Site: I-295 & Gate Parkway
Planned Commercial Site ~ 294,000 SF ~ 1,200 parking spaces
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Proposed Site Plan / Rezoning / PUDProposed Site Plan / Rezoning / PUD
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Proposed Jacksonville RenderingProposed Jacksonville Rendering
(Perspective from Gate Parkway and Point Meadows Road)
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Potential Timeline for Opening StorePotential Timeline for Opening Store
October 7, 2015– Announce plans publicly & file plans with City
Winter/Spring 2016– Secure governmental approvals and permits– Close on purchase of land
Summer 2016– Commence construction
Fall 2017– Open IKEA store
October 7, 2015– Announce plans publicly & file plans with City
Winter/Spring 2016– Secure governmental approvals and permits– Close on purchase of land
Summer 2016– Commence construction
Fall 2017– Open IKEA store
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TACK! (‘Thank you’ in Swedish)TACK! (‘Thank you’ in Swedish)