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IKEA to open in New Zealand

IKEA Group, the world’s biggest furniture retailer, said on Thursday it is expanding into New Zealand – even as it faces stiff competition worldwide from online outlets and traditional department stores that are branching out into home furnishing.

IKEA said it was providing customers in New Zealand with both stores and e-commerce options to purchase items, adding that more information about operations in the country would be provided early next year.

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