IKEA in Memphis is closing this May. The closure will affect 114 employees. The local workforce development board will ensure that the employees receive support services during this transition.
IKEA Memphis Closure to Affect 100+ Employees
IKEA Memphis has filed a WARN notice with the Tennessee Department of Labor and Workforce Development. The store will permanently close on May 3, 2026. It will mark the end of an era for shoppers in the community who have loved the brand for all these years.
According to the notice, the closure of IKEA Memphis will affect 114 employees. The Greater Memphis Workforce Development Board and its rapid response team have been notified of the closure. They will help coordinate support services for the impacted employees and help them through the transition.
The Memphis store opened in 2016 and spans about 271,000 square feet. The first round of layoffs will begin on May 9, 2026, and is expected to be completed by August 31, 2026.
According to a statement released by the company, the closure is part of a strategic shift. The decision followed a review of factors like business performance, market share, and operating costs. The closure is part of a broader U.S. investment plan of about $2.2 billion.
Customers in the Memphis area will still be able to shop IKEA products online. Customers in the area will have access to delivery options and FedEx pickup points in Cordova.
About the Brand
IKEA is a multinational conglomerate founded in Sweden that designs and sells ready-to-assemble furniture and related services. The company has grown into one of the world’s largest furniture retailers, known for its ready-to-assemble designs. It delivers customers an immersive shopping concept and lower prices than its competitors, establishing it as a popular destination among shoppers.
The closure marks the end of nearly a decade of IKEA operations in Memphis. While the location closes, IKEA customers in the region will still be able to access its products through online shopping.
