Ikea Philippines store delayed until 2021
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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 to be the largest in the world when it is complete – is under construction adjacent to the SM Mall of Asia in Pasay.
“Whilst the building is taking great shape on the skyline, as can be the case with mega construction projects, the timeline is adjusted and firmed up as the project moves along,” Platzer told ABS-CBN.
“There have been changes to the schedule and the opening date will be in 2021.”
Ikea Philippines is building the store with two retail levels with three more floors to house a regional warehouse, a call center and head office facilities to handle online sales.
News of the 65,000sqm store was first revealed by Inside Retail Asia in April 2018. At the time, the largest Ikea store globally was in Seoul, a 59,000sqm space that opened in December 2014.
With a product range of 9000 SKUs, the store will serve more than 5 million households located within a 60-minute drive as well as online shoppers.
Questions & Answers
Q.What is the new estimated opening date for the Ikea Philippines store?
What is the new estimated opening date for the Ikea Philippines store?
The opening date for the first Ikea Philippines store has been adjusted and is now set for sometime in 2021. The specific month within next year is not mentioned.
Q.What reason was given for the delay in the store's opening?
What reason was given for the delay in the store's opening?
Ikea cited "construction adjustments" as the reason for the delay. This is a common occurrence with large-scale construction projects as they progress, leading to timeline revisions.
Q.How large will the new Ikea store be compared to existing stores?
How large will the new Ikea store be compared to existing stores?
The new Ikea Philippines store will be 65,000 square metres, making it the largest Ikea store globally upon completion. The previous largest was in Seoul at 59,000 square metres.
Q.What facilities will the new Ikea store house in addition to retail space?
What facilities will the new Ikea store house in addition to retail space?
Beyond two retail levels, the store will include three additional floors for a regional warehouse, a call centre, and head office facilities. These will also support online sales.
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