Memphis, Tennessee, February 11, 2026
IKEA has announced the closure of its Cordova store in Memphis, Tennessee, effective May 3, raising significant concerns about job stability in the city. This decision follows a business review and comes amid recent layoffs from other major employers. While some employees will be reassigned, others will receive severance packages. The store closure adds to growing worries about the job market in Memphis, known for its logistics and retail industries, as IKEA emphasizes its commitment to future growth in the U.S.
IKEA to Close Cordova Store in May, Raising Concerns About Memphis’ Job Market
Memphis, Tennessee – IKEA has announced the closure of its Cordova store, the only IKEA location in Tennessee, effective May 3, 2026. This decision follows a comprehensive business review, considering factors such as market performance, cost structure, and optimization of physical assets. The closure has raised concerns about the impact on Memphis’ job market, especially in light of recent layoffs by other major employers in the area.
Impact on Employees and Community
The company has not disclosed the number of employees affected by the closure. IKEA stated that it will attempt to place some workers at other locations, while others will be offered severance packages. Customers can continue to shop online, with home delivery options and FedEx pickup locations available in the Cordova area. The closure adds to a growing list of recent job cut announcements in Memphis, including layoffs by Nike and FedEx, renewing concerns about job stability in a city known for logistics, distribution, and retail employment.
Background on IKEA’s Presence in Memphis
IKEA opened its Cordova store in December 2016, marking the first and only IKEA location in Tennessee. The 271,000-square-foot store has served as a retail hub for customers in Tennessee, Mississippi, and Arkansas. Over the years, IKEA has made efforts to adapt to changing consumer behaviors, including expanding its onsite fulfillment services and introducing new store formats. However, the decision to close the Memphis store reflects a strategic shift to build a more affordable, accessible, and sustainable future, as part of IKEA’s ongoing growth and transformation journey.
Reactions from Local Community
The announcement has elicited mixed reactions from the local community. Shoppers have expressed disappointment over the loss of the store, citing the convenience and affordability it provided. Local leaders have also weighed in, with some expressing concerns about the implications of the closure on the community and the broader retail landscape in Memphis.
Future Plans for IKEA in the U.S.
Despite the closure in Memphis, IKEA remains committed to its presence in the U.S. The company is investing $2.2 billion to expand its brand presence and accessibility, including plans to open 14 new format stores in 2025 and additional locations in 2026. Future growth plans also include strengthening home delivery and pickup services, enhancing digital capabilities, and modernizing physical locations. These efforts are designed to position IKEA for longevity and growth in the U.S., ensuring that more people can create the homes of their dreams.
Frequently Asked Questions (FAQ)
When is the IKEA Cordova store closing?
The IKEA Cordova store in Memphis, Tennessee, is scheduled to close on May 3, 2026.
How many employees will be affected by the closure?
IKEA has not disclosed the number of employees affected by the closure. The company stated that it will attempt to place some workers at other locations, while others will be offered severance packages.
Will customers still be able to shop at IKEA after the closure?
Yes, customers can continue to shop online at IKEA.com/us, with home delivery options and FedEx pickup locations available in the Cordova area.
What is IKEA’s future expansion plan in the U.S.?
IKEA is investing $2.2 billion to expand its brand presence and accessibility in the U.S., including plans to open 14 new format stores in 2025 and additional locations in 2026. Future growth plans also include strengthening home delivery and pickup services, enhancing digital capabilities, and modernizing physical locations.
Key Features of the IKEA Cordova Store Closure
| Feature | Details |
|---|---|
| Closure Date | May 3, 2026 |
| Store Size | 271,000 square feet |
| Employees Affected | Number undisclosed; support offered for transitions |
| Customer Options | Online shopping with home delivery and FedEx pickup in Cordova area |
| Future Expansion | Investing $2.2 billion in U.S. expansion, including 14 new format stores in 2025 and additional locations in 2026 |
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Author: STAFF HERE MEMPHIS WRITER
The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
