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Retail Asia12/03/2020

Ikea has launched a flagship store on Alibaba’s marketplace Tmall, the first third-party platform the brand has partnered within Asia, and after leaving Amazon last year. Initially, with a six-month trial across the Chinese provinces of Jiangsu, Zhejiang and Anhui, and the city of Shanghai, the Ikea online flagship store features more than 3600 products. […]

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Retail Asia19/02/2020

The opening of the first Ikea Philippines store has been delayed until next year. The Swedish furniture and homewares chain cited “construction adjustments” as the reason for the delay, with Ikea Southeast Asia market development manager Georg Platzer reassuring ABS-CBN News the store was “taking great shape” nonetheless. The debut Ikea Philippines shop – set […]

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Retail Asia13/02/2020

Inter Ikea group chief executive Torbjörn Lööf announced on Tuesday he would step down from leading the furniture business after seven years at the helm and more than 30 years with the business. Head of Ikea franchising Jon Abrahamsson Ring was named as Lööf’s successor and will step up as group deputy chief executive as […]

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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 Asia13/12/2019

When major global brands like Ikea and Nike announce they are exiting a major global platform like Amazon, it is clear that a strategic shift is in the making What used to be a primary go-to-market strategy of brands by latching onto Amazon’s success seemed to have chipped away over the years: Amazon is now […]

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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 Asia03/10/2019

Inter Ikea’s biggest franchisee Ingka Group is expected to produce as much renewable energy as the energy it consumes by the end of this year, beating its 2020 target. The Dutch company, which owns 367 Ikea stores, 23 smaller-format showrooms and 44 shopping centers in 30 countries, this week announced the acquisition of a 49 […]

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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 Asia25/09/2019

Swedish furniture chain Ikea has expanded on its efforts to put Aussies to sleep, creating a live-streamed ‘Slow TV Channel’ which follows the 14-day journey of its products aboard a cargo ship. Decidedly unexciting, the effort mixes the soothing sound of waves crashing against the ship’s stern with narration by Ikea’s Kent and Sara Eriksson […]

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Retail Asia06/09/2019

Ikea China will invest RMB10 billion (US$1.41 billion) into the market within the next fiscal year. The Swedish furniture maker’s largest investment yet into the Chinese market, the funds will go towards strengthening operations over a three-year strategy to improve the customer experience and build on its business digitisation. The company’s own online sales channels […]

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Retail Asia02/09/2019

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, […]

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Retail Asia27/08/2019

“Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it.” – Steve Jobs “These businesses are wholly […]

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Retail Asia09/08/2019

Ikea Australia is previewing its highly anticipated collaboration with Sonos in its Tempe store, ahead of the national launch of the Symfonisk range in September. The range, which includes a table lamp and bookshelf with built-in connected speakers, is just the start of Ikea’s push into the smart home space, the retailer said in a […]

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Retail Asia06/08/2019

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. With around 20 tenancies, the new retail destination is aiming to bring a vibrant new mix of brands to the growing Aspen Vision City. The retail extension will open […]

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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 Asia27/06/2019

Ikea has developed a robotic furniture suite in collaboration with American start-up Ori that is set for roll-out first in Hong Kong. The Rognan furniture platform includes several items, including a double bed, workstation, wardrobe, media unit, bookshelf and sofa. They are designed with cramped city living spaces in mind, targeting residents of urban micro […]

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