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Story summary
- IKEA will close its Cordova store in Memphis on May 3 due to market performance and rising costs.
- The closure follows local job cuts, including more than 500 Nike layoffs and over 600 at FedEx.
- Rikisha Meeks, a former IKEA employee, expressed concern about local employment and brick-and-mortar stores.
- IKEA has not disclosed how many employees are affected but will offer severance and potential transfers.
