Ikea cancels plans for second store in North Carolina

It's been almost a year to the day since Swedish furniture giant Ikea announced plans to open a store at Cary Towne Center — its second in the Carolinas after arriving in Charlotte almost a decade ago. Now, the town says the retailer is no longer coming.

In a statement posted on the town of Cary’s website, Town Manager Sean Stegall said Ikea has decided not to make the move because of its "evolving business model."

"They are moving away from suburban big box retail outlets and into global city…

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