MEMPHIS, Tenn. — IKEA’s one and only location in Tennessee — near Memphis — will be closing soon.
The furniture giant has been open off Germantown Parkway in the Cordova suburb for the past 10 years. In a news release, the company said it is closing the location on May 3 “as part of a strategic shift to build a more affordable, accessible and sustainable future.”
IKEA said the decision to close stems from several factors, including market share, business performance and cost structure…