Ikea is opening a small-format store in New York – This is another sign that #retail #store formats are exploding, that  #omni-channel is required and that retail operations must be standardized an…

The move to Manhattan comes at a time when many other retailers have been experimenting with pint-sized locations in urban areas. Target has opened a few small-format shops within New York and has one planned down the street from Ikea’s new store. Macy’s is trimming back some of its real estate, including testing out pop-up marketplaces at its Herald Square flagship in New York, while Kohl’s is cutting up its stores to bring in new tenants like Aldi and Planet Fitness. Many companies are thinking small.

Sourced through Scoop.it from: www.cnbc.com

WHY IT MATTERS: stores need to evolve to stay relevant in this era of eCommerce and one-day delivery. Small store formats like this one from IKEA shows that retailers of all sizes will offer their customers more than one option in the future.

For IKEA there are these 3 options: 1) the traditional large warehouse+showroom in the suburbs, 2) the small popup store + design like this in Manhattan, 3) the online store. Also maybe: the IKEA store in a MACY’s store? the IKEA store within the Montreal home renovation annual show? What else?…

All these store formats will mean headaches for operations and other support teams if the systems, tools and technologies are not standardized and integrated…

Farid Mheir
farid@mheir.com