Ikea Philippines says its first store will take up an enormous 65,000sqm space, making it the world’s largest.
The current largest Ikea store globally opened in Seoul in December 2014 and takes up 59,000sqm.
As revealed by Inside Retail Asia in April, local franchisor Inter Ikea Systems, which operates the homewares and furniture retailer in Malaysia, Singapore and Thailand, chose to partner with SM Malls for its Philippine launch. The store will become an anchor of the giant Pasay mall, and its largest tenant when it opens in 2020.
The size of the store reflects the huge consumer catchment: more than 5 million households within 60 minutes drive.
Inter Ikea says the store will stock 9000 products and host a warehouse to fulfil online orders and an integrated call centre. A Philippine-specific website will launch prior to the store opening to help build brand awareness and offer design inspiration.
“The Ikea vision is to create a better everyday life for the many people, so we are excited to be bringing our offer to a country where millions of people share our passion for home,” said Ikea Southeast Asia MD Christian Rojkjaer.