Ikea Archives - Inside Retail Asia
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.
Dairy Farm Group has announced a review of its creative and media agencies across all its brands and markets.
Toppen Centre in Johor Bahru – the giant shopping mall attached to the city’s Ikea store – will open in November.
Ikea has developed a robotic furniture suite in collaboration with American start-up Ori that is set for roll-out first in Hong Kong.
Ikea Thailand has launched an online store, with a view to matching the journey and impression customers experience at a physical Ikea shop.
H&M India is seeking to enter the country’s home decor and furnishings market.
Dairy Farm International has reported like-for-like sales growth in four of its five operating divisions in the first quarter.