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The partnership’s move into the BTR market was launched under former chair Sharon White as part of a diversification push.
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Quarterly sales rose to $20.58bn from $18.55bn while comparable sales increased 1.3%, supported by growth in Pro, online and home services categories and strong holiday trading.
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For the three months ended 1 February 2026, net sales totalled $38.19bn, a 3.8% decline from $39.70bn in the corresponding period a year earlier.
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The location will cover approximately 11,000ft² and showcase the company’s latest global retail format.
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The move will be the first time another global brand has traded from within one of IKEA’s UK “blue box” sites.
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The extension reaffirms the company’s role as a global supplier of electronic shelf labels (ESL) and digital signage to Spar-licensed organisations worldwide.
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