Ikea Archives - Inside Retail Asia
Ikea Southeast Asia has opened the giant Toppen Shopping Centre in the Malaysian city of Tebrau in Johor Bahru.
Ongoing restructuring is impacting on Dairy Farm International’s grocery and convenience sales – but total group income is up.
A new Ikea Macau store is being built in Taipa, a 90,000sqft location including cafe and food market.
Ikea India is set to expand into tier-II cities in the second phase of its development after early success in key markets.
Sales at Ikea stores in Southeast Asia exceeded SG$1 billion for the first time this year, reflecting healthy growth for a big-box retail business.
Ikea China has started construction of its first store in the southwestern province of Yunnan.
India’s government has recently announced relaxations on single-brand retail’s FDI investments.
Ikea China will invest RMB10 billion (US$1.41 billion) into the market within the next fiscal year.
Swedish furniture business Ikea has committed to invest further into smart home products, and has spun off the Ikea Home smart project team into a dedicated business unit within Ikea Sweden. Ikea Home Smart was initially conceived in 2012 in order to integrate new, smart technologies into Ikea products, such as wireless charging, smart lighting, as well as smart speakers made in collaboration with Sonos.
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
Ikea Malaysia is preparing to open the first phase of a shopping centre linked directly to its blue-box home furnishing store in Batu Kawan, Northern Malaysia.
Hong Kong’s retail leasing market is showing signs of slowing in tandem with easing retail sales.