Tag: ikea

Retail Asia16/10/2023
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3min0
China is still a key growth market for budget furniture retailer IKEA despite the world’s second-largest economy showing signs of strain, executives at the biggest IKEA store owner said on Thursday (Oct 12). China was for several years the fifth biggest market by revenue for Ingka, which runs most IKEA stores globally, but it has […]

Retail Asia24/04/2023
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5min0
Ikea is planning to invest more than US$2.2 billion in an omnichannel expansion strategy in the US over the next three years. According to Ikea, this is the company’s largest investment in the US in four decades, and it will focus on creating new stores and expanding fulfilment networks to serve more Americans. Ikea will build […]

Retail Asia29/08/2022
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2min0
Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan (RM3.5bil) in China in the fiscal year 2023. The investment will be used for further business digitalization, construction of new stores and shopping malls and integrating multiple distribution channels, CEO and president of Ikea China Anna Pawlak Kuliga told […]

Retail Asia20/06/2022
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2min0
Ikea has partnered with Infarm to grow three instore herb gardens in Germany as the demand for sustainable products is growing locally. The collaboration aims to motivate Ikea employees and customers to live healthier, more sustainable lives. Customers visiting Ikea Kaarst, Ikea Duisburg, and Ikea Munich-Eching can see Infarm herbs such as dill, curly parsley, […]

Retail Asia29/03/2022
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2min0
Swedish home furnishings retailer Ikea is expanding its footprint in Thailand with a new store slated to open at Bangkok’s latest shopping mall, Emsphere on Sukhumvit Road. The company announced on Facebook that Ikea Emsphere will mark the brand’s fourth store in the country after Bangna and Bang Yai in Bangkok and its third store […]

Retail Asia25/11/2021
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2min0
Ingka Centres, part of Ingka Group, is set to open a mixed-use development in Gurugram, Southwest of New Delhi, marking Ikea’s first shopping mall in the country. Construction is set to start early next year, with an investment of US$448 million. The project, with a gross building area of around 130,000sqm, is expected to generate […]

Retail Asia04/10/2021
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2min0
Home furnishing giant Ikea has launched the world’s first Ikea Close to You concept store inside the Market Place grocer in Hong Kong’s Discovery Bay. Spanning more than 3000sqft, Ikea Close to You houses more than 110 home furnishing products together with 120 Swedish signature gourmets ranging from meatballs, salmon, sauces to condiments. According to […]

Retail Asia10/09/2021
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1min0
IKEA Singapore has opened its new Swedish Bistro at its Tampines outlet on Sep. 9, 2021. Located between the level 1 front-facing entrance and exit, this outlet will feature a grab-and-go concept focused on convenience. IKEA Classics Those on the go might also want to purchase the Swedish Meatballs (six pieces for S$5) or Plant […]

Retail Asia19/08/2021
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2min0
As of September this year, furniture giant Ikea will offer sustainably generated energy to Swedish households in a move to diversify its business and offer a green approach to power supply. The STRÖMMA offer will be made in partnership with local energy supplier Svea Solar, and will eventually brand out into other markets. “At Ikea, […]

Retail Asia25/02/2021
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2min0
Ikea’s arm Ingka Centers is to launch India’s first Ikea mixed-use destination in the outskirts of Delhi, Noida. The plan was announced after the retailer secured a 47,833sqm plot of land in Noida, Uttar Pradesh. The project will cost about US$760 million and take seven years to complete. The Ikea mega mall will feature two […]

Retail Asia16/02/2021
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1min0
Textile company Gilimex said its net profits almost doubled in 2020 thanks to a number of high-value contracts with international retailers. It reported record revenues of VND3.45 trillion ($150 million), up 36 percent from 2019, and net profits of VND308 billion for the year. Gilimex’s main products are handbags and backpacks. It tied up with […]

Retail Asia08/02/2021
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2min0
KEA announced a partnership with ASUS Republic of Gamers in September 2020, and the fruits of that team-up are now appearing, right on schedule. As expected there is a wave of products releasing for customers in China, ahead of an expected launch for Western markets in around October of this year. The range includes everything from […]

Retail Asia20/01/2021
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5min0
IKEA has launched the first-of-its-kind planning studio powered by Singapore-based interior design and renovation platform, Livspace. IKEA and Livspace have provided consultation to hundreds of homeowners in Singapore since the partnership started at the end of 2019. The new studio at Jurong Point shopping mall will offer customers a brand-new shopping experience with end-to-end personalized […]


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