Ikea bets on smaller format as it adds new store locations
This iconic retailer has taken the saying 'great things come in small packages' to the next level.
Some of the most popular retailers were known for having warehouse-sized stores with huge aisles and product assortments one could easily spend hours browsing.
Although this technique might have worked for decades, consumer and market behavior inevitably change, which has led to declining mall traffic and the closure of many stores. That's why retailers have begun following a new trend to boost their businesses.