Peter Jelkeby, from IKEA UK, said: “The proposed closure of the store has not been an easy decision, particularly given the impact it will have on our co-workers.
“I would like to thank our Coventry co-workers who have contributed enormously throughout this time. Although this isn’t an easy decision, this is the right decision for the long-term success of IKEA in the UK.”
The loss of the store is putting 352 jobs at risk.
A statement read: “Given its location and the size of the land available at the time, the store was built over seven levels, which resulted in a significant impact on the operating costs of the store and the shopping experience for customers.”