Furniture

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Retail Asia25/04/2019

World No.1 selling furniture store brand, Ashley Furniture HomeStore, celebrated the grand opening of its largest flagship HomeStore in Quill City Mall today. Owned and operated by HAUSLIFE Furniture Sdn Bhd (HAUSLIFE), the sole licensee and operator of Ashley Furniture in Peninsular Malaysia, Ashley Furniture HomeStore at Quill City Mall marks the company’s fourth store […]

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Retail Asia18/04/2019

Swedish furniture and homewares retailer Ikea plans to launch furniture rental services in all of its main markets. The Ikea leasing strategy is twofold: firstly it addresses the budgetary constraints of customers who move frequently and cannot afford to replace furniture to suit their new space, and secondly to deliver on its sustainability promise by […]

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Retail Asia15/04/2019

Ikea Australia’s first small-format store is set to open in Sydney’s Westfield Warringah Mall at the beginning of May. The Ikea Planning Studio will provide shoppers on the Northern Beaches with a place to plan and build their dream kitchens and bedrooms. Staff on-site will be equipped with tablets and provide one-on-one consultations to help […]

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Retail Asia12/04/2019

Furniture firm Fritz Hansen has launched a Jaime Hayon-designed showroom in the Chinese city of Xi’an. The new 1000sqm gallery, represents a stage in the brand’s ambition to become the largest Danish brand in China, is Fritz Hansen’s first store in China and its largest in the world. “You always need to find a way […]

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Retail Asia12/04/2019

After almost 40 years in business, upmarket furniture brand Coco Republic is set to open the doors to its first ever international store in New Zealand mid-year. The 1000sqm store will be located within Westfield Newmarket, the brand’s second shopping centre location. “I think we’ve got a very steady approach to growth, and we’re really […]

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Retail Asia22/02/2019

Ikea has developed an ‘intelligent curtain’ capable of purifying air. The invention, coated with sunlight-activated minerals that break down airborne pollutants, has been developed in collaboration with several European and Asian universities. “By enabling a curtain to purify the air, we are creating an affordable and space-saving air purifying solution that also makes the home […]

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Retail Asia20/02/2019

Swedish home furnishings major IKEA Thursday said it plans to have an Omnichannel presence in India going forward, reiterating its long-term commitment to the country. Last year, the company opened its first store in Hyderabad, spread over 13 acres of land and has a built up area of 4 lakh sq.ft. “We are long term committed to […]

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Retail Asia19/02/2019

Struggling Japanese furniture retailer Otsuka Kagu has entered a partnership with electronics retailer Yamada Denki. The two firms have pledged to exchange sales knowledge in their respective industries as well as explore potential corporate sales opportunities. Otsuka Kagu will also sell 13.11 million new shares at ¥290.11 in an effort to raise ¥3.8 billion (US$34.39) […]

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Retail Asia19/02/2019

Ikea Malaysia will next month open its first store in the northern region of Peninsular Malaysia – in Batu Kawan, Penang. Due to open on March 14, the brand’s fourth outlet in the country spans 43,600sqm of retail space and will feature more than 8000 products. “The store will also have 49 showrooms, a market, […]

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Retail Asia18/02/2019

Furniture manufacturers are striving to meet the changing tastes of young people, who have begun to value eco-friendliness and aesthetics. Nguyen Chanh Phuong, vice president and general secretary of the Ho Chi Minh City Fine Arts and Wood Processing Association (HAWA), said the furniture segment for small urban houses is abuzz in Vietnam, with its […]

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Retail Asia15/02/2019

In 2016, WoodenStreet entered the retail market with its first brick-and-mortar experience store in Bangalore. Established in 2015 as an online platform for quality custom furniture, WoodenStreet expanded its reach by opening 2 stores in 2017 and 9 stores in 2018, totalling to 12 experience stores. What’s next? 15 new experience stores by the end of 2019. Lokendra Ranawat, […]

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Retail Asia14/02/2019

Ikea is turning to services to increase turnover and boost engagement with customers. Moreover, partnering with specialist companies in such areas as delivery and assembly allow it to focus on product design and sales, leaving post-checkout experiences in the hands of specialists, rather than committing its own staff and training resources. An example of the […]

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Retail Asia13/02/2019

Takeover target Courts Asia had a forgettable third quarter, reporting a net loss of S$171,000 – a stark contrast to the $3.51 million profit for the same period a year earlier. The company blamed lower sales and gross-profit margins together with higher income tax expenses. Group sales fell 6.2 per cent to $175.3 million, largely due […]

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Retail Asia13/02/2019

If you work in an office environment be it on a full time or part-time basis, then you must be aware of how much time you spend on that office chair. But ironically, most businesses opt to spend a greater percentage of their furniture expense allocations money on an office desk as opposed to a […]

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Retail Asia07/02/2019

The Malaysian Timber Council (MTC) remains optimistic that Malaysia will achieve its RM25 billion export target for wood-based products by 2020 despite a fragile global trade and economy caused by the US-China trade war. “We believe that the RM25 billion target is still achievable notwithstanding the potential headwinds that may come along the way, for […]

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Retail Asia06/02/2019

Swedish home furnishing multinational IKEA’s first India store here witnessed less than expected footfall during last six months but the spending by the buyers was more than what it anticipated, said a top company official on Thursday. IKEA’S Hyderabad store, which opened in August last year, said it was originally looking for 7 million footfall a […]

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Retail Asia29/01/2019

French high-end furniture brand Roche Bobois has announced the opening of its Singapore showroom with a brand new design concept. The 5300sqft Roche Bobois Singapore showroom is located in the Boon Siew Building on Bukit Timah Road features an expansive floor-to-ceiling window to frame the brand’s collections, designed to resemble a jewel box from a […]

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Retail Asia23/01/2019

Japanese electronics retailer Nojima Corp has launched a conditional takeover bid for Courts Asia. The deal is conditional upon Courts Asia’s majority owner Singapore Retail Group (SRG) agreeing to the deal. Offering 20.5 cents a share for the business, the offer represents a 35 per cent premium over the price shares were trading at before […]

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Retail Asia21/01/2019

Ikea Vietnam plans to invest US$450 million on a retail centre and warehouse system in Hanoi, according to a government official. Nguyen Duc Chung, chairman of the Hanoi People’s Committee, told a recent conference held by the Ministry of Industry and Trade that the Swedish furniture giant’s local subsidiary is well advanced with plans to […]

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Retail Asia17/01/2019

Ikea will open a store New Zealand in the coming years, opting for the city of Auckland to bow its debut store. The Swedish firm, known for its buy-and-assemble furniture, will open up a pop-up shop in the coming months in the lead up to a fully-fledged flagship store, which would create 400 jobs in […]

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