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Ikea announces first big UK store closure

Ikea has announced that it will shut down its Coventry city centre store this summer, in its first big closure of a UK outlet.
The Swedish flat-pack furniture giant said the store had made "consistent losses" since it opened in 2007, with fewer people visiting it than expected.
It said it would be consulting the 352 workers affected and would try to find them jobs at other stores.
The Usdaw union said it was "devastating news" for staff.
Ikea, which has 22 stores in the UK, said that it remained committed to growth in the UK.
It said the Coventry site, which cost it £35m, had been built in the city centre as one of its earliest examples of testing a new format to meet customers' changing needs.
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