IKEA to add second small-format store

IKEA Canada announced it will open a second location in its new small-store format next year. The 7,500-square-foot store at Scarborough Town Centre in east Toronto is due to launch in the summer of 2023. The news follows the opening of the IKEA Toronto Downtown – Aura location earlier this year, and comes as the retailer’s 2022 Summary Report shows store visits have soared 123 percent nationwide.