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#ikea

Every story tagged #ikea on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

204 stories in this topic

1 Infarm IKEA Kaarst Michael Luebke scaled 1
General
1 min read

Ikea Germany and Infarm create instore herb gardens

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…

ikea hammersmith 021 1645791658
Living
2 min read

Ikea Korea further cuts costs due to the continued downturn in sales

Ikea Korea, the South Korean branch of the world’s largest furniture brand, has faced a continued downturn in its performance, reversing the growth observed last year. After experiencing a sales decline for the first time since entering the Korean market,…

Ikea Hong Kong
Living
2 min read

Ikea sticks with China despite slowing economy

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…

ikea store
Living
2 min read

Ikea unveils US$2.2 billion expansion plan

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…

Ikea City store
Living
3 min read

Why Ikea Australia is using tuk tuks for last-mile delivery Down Under

Electric Tuk Tuks are to make their debut in Australia as part of a new initiative by logistics giant ANC and retailing monolith Ikea get serious about the cleaning up of “last mile” delivery transport in Australia. “Last mile” refers to the final journey of…

ikea
Living
2 min read

Ikea South Korea’s sales see first decline in eight years

IKEA Korea said Wednesday its sales fell 10 percent in this fiscal year in the first decline after entering Korea in 2014 as more customers held back spending on home furnishing goods amid eased virus restrictions. The Korean arm of the Swedish furniture…

ikea
Living
1 min read

Ikea bets on China with $772 million investment

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…

ikea store
Living
1 min read

Ikea set to open in downtown Bangkok

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…

ikea2
Living
1 min read

Ikea to open its first shopping mall in India

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,…

ikea
Living
1 min read

Opening date released for the world’s largest Ikea in Manila

The world’s largest Ikea store, Ikea Pasay City in Manila, is set to open its doors to the public this month after being delayed due to the Covid-19 pandemic. Ikea Pasay City also marks the chain’s first location in the Philippines. The 67,760sqm store,…

ikea online
Living
1 min read

Ikea launching online marketplace for second-hand goods

It might not be as good as picking up those meatballs on your way home, but IKEA is launching an online marketplace for Aussies to buy and sell second-hand products. The new ‘As-is’ scheme will be piloted, allowing their members to browse second-hand IKEA…

ikea store
Living
1 min read

Ikea Close to You concept opens in Hong Kong

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…

IKEA Bistro 1 scaled
General
1 min read

Ikea opens bistro takeout in Singapore

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…