Furniture

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Retail Asia03/02/2020

Swedish furniture and homewares chain Ikea has closed all of its mainland Chinese stores in the wake of the coronavirus outbreak. The decision, announced Thursday, came just hours after the company said it would shutter half its 30-strong network in the country. Ikea China is the latest in a long line of international retail groups […]

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Retail Asia22/01/2020

A seven-level Ikea eco-store is being built in Vienna – with no car parks, targeting pedestrians, cyclists and public transport users. The new venue features a bookcase-style design with green facades and a green roof terrace with plenty of strolling space. The store, designed by Querkraft Architekten, is thought to appeal to the many families […]

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Retail Asia24/12/2019

Japanese furniture retailer Otsuka Kagu is to become a subsidiary of electrical-appliance chain Yamada Denki following a purchase of a majority shareholding in the business. The move follows bleak business prospects for Otsuka following poor sales and a high-profile feud among owners, as well as increased competition for Yamada in the face of strong competition […]

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Retail Asia10/12/2019

Ikea India is preparing to launch 20–25 more locations, it emerged during a delegation of Swedish royals and businesspeople to the territory that began on Sunday. The firm currently has a store in Hyderabad, and is one of more than 200 Swedish companies operating in India. The country is Sweden’s third largest trade partner in Asia. […]

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Retail Asia04/11/2019

Ikea says it plans to open in Macau in the first quarter of next year. Located in Taipa, the Ikea Macau store will occupy an area of 90,000sqft, offering a wide range of home furnishing products. The new store will feature several showrooms, an Ikea cafe, and a Swedish food market. The store will be […]

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Retail Asia28/10/2019

Ikea India is set to expand into tier-II cities in the second phase of its development after early success in key markets. The Swedish-headquartered furniture-and-homewares giant has established its presence in Hyderabad and Mumbai and is now working on building a large-format outlet in Bengaluru before moving on to Delhi. “We want to bring our […]

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Retail Asia11/10/2019

Sales at Ikea stores in Southeast Asia exceeded SG$1 billion (US$723 million) for the first time this year, reflecting healthy growth for a big-box retail business. Christian Rojkjaer, MD of Ikea Southeast Asia, says more than 98 million customers passed through the company’s eight full-format stores in Singapore, Malaysia and Thailand and its associated shopping […]

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Retail Asia27/09/2019

Ikea China has started construction of its first store in Yunnan. The southwestern Chinese province will see its first Ikea outlet in its capital city of Kunming, scheduled to open at the end of next year. The firm is investing more than RMB1 billion (US$141 million) into the 120,000sqm three-story development. Ikea China area director […]

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Retail Asia17/09/2019

Designer footwear label Stuart Weitzman has opened its first airport outlet worldwide at HKIA in partnership with Lagardere Travel Retail. The airport boutique is opening with a curated selection from the brand’s future-inspired Autumn 2019 Collection and SW Logo series, including its popular Nudistsong stilettos and Nearlynude block-heel sandals. Stuart Weitzman has 128 stores around […]

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Retail Asia19/08/2019

Fung Group subsidiary LF Products will rebrand itself as Living Style Group. The pure-play furniture and home furnishings company said in a statement the rebrand follows the completion of Li & Fung’s strategic divestment of its three product verticals (Furniture, Sweaters, and Beauty) in April last year to form LH Pegasus, which is 45-per-cent owned […]

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Retail Asia03/07/2019

Muji household goods store owner Ryohin Keikaku will drop prices on around 1100 products from late August. The price reductions will affect 116 product ranges, including clothes, underwear, tableware, confectionery and furniture. The mark downs are the result of new streamlined production and distribution processes adopted by the firm, as well as reselected production areas […]

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Retail Asia27/06/2019

Global furniture retailer Ikea will start putting its product catalogue on Pinterest to give the print publication a longer lifespan and to allow customers to move more quickly from inspiration to purchase. According to a report in Digiday, Ikea has been working to monetise its presence on the social platform for some time, which has led […]

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Retail Asia19/06/2019

Australian furniture retailer Coco Republic has launched its outdoor collection at HD Buttercup, a showroom in Los Angeles. The move last week represents Coco Republic’s first foray into the US market. “This line is one that I’m incredibly proud of, having designed the majority of the collection in-house,” Anthony Spon-Smith, Coco Republic’s creative director, said […]

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Retail Asia03/06/2019

Temple & Webster’s revenue grew by around 40 percent to roughly $32 million in the first four months of the year, the online furniture and homewares business said in a trading update to analysts. With two months still go in the second half of fiscal 2019, the retailer indicated it has seen the continued uptake […]

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Retail Asia21/05/2019

Ikea Australia officially opened its first small-format store on Friday at Warringah Mall on Sydney’s Northern Beaches. The 98sqm store is the retailer’s first Home Planning Studio, where customers can book one-on-one planning sessions with staff to design their dream kitchen or bedroom storage solution. The store lacks many of the signature features consumers have […]

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Retail Asia21/05/2019

Muji Singapore has opened a two-storey store at Jewel Changi. The 12th outlet of the popular Japanese minimalist brand houses more than 4000 products and an 88-seat Cafe&Meal dining area. The product range includes apparel, furniture, kitchenware, toiletries, stationery and food items. Designed by Tokyo-based design company Super Potato, the store also offers the largest […]

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Retail Asia16/05/2019

The furniture retailing industry may face a tough trading environment in 2019-20 with revenue expected to decline by 3.3 per cent during the period, according to IBISWorld analysts. Mounting internal and external competition is expected to continue to threaten the viability of furniture operators in the current year, with revenue expected to decline to $890.0 […]

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Retail Asia16/05/2019

Investment companies Oaktree Capital Management and Alceon Group have made a move into homewares with their acquisition of Marlin Management Services (Marlin Brands), a wholesaler whose portfolio includes Decor and Willow, among other leading kitchen and home brands. Oaktree and Alceon own a number of iconic Australian apparel brands, including Billabong and Quiksilver (Oaktree), and […]

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Retail Asia01/05/2019

Australian furniture and lifestyle brand King Living has opened a flagship retail store in Shanghai, continuing its global expansion into China. The new 400sqm space will showcase King Living’s sofa designs, dining ranges, contemporary bed and mattress ranges, and outdoor collections. The brand has been a prominent player in Australian furniture design for more than […]

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Retail Asia26/04/2019

Indian furniture startup WoodenStreet is targeting 15 additional experience stores in the territory by the end of the year. The firm, which specialises in customisable furnishings, currently operates 12 locations throughout India as well as more than 30 delivery hubs. “Our country is a diverse nation,” said the firm’s CEO Lokendra Ranawat, “which means that […]

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