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Ikea unveils US$2.2 billion expansion planĀ 

Inside Retail

billion in an omnichannel expansion strategy in the US over the next three years. Ikea expects to open eight additional shops, nine Plan & Order points, and create more than 2000 jobs during this first phase of expansion. In addition, Ikea will build 900 new Pick-up locations where customers can pick up purchases made online.

Expansion 130
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Ikea to launch small-format Planning Studio concept in Australia

Inside Retail

Ikea is to launch its small-format planning studio concept in two locations in Australia this year. Unlike its traditional warehouse-like stores, the Planning Studio is sized between 300-500sqm and designed for customers to plan and order complex home furnishings and services such as dining, kitchens, and bed spaces.

Concept 264
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Vietnamā€™s Vincom shifts focus from expansion to upgrades

Inside Retail

Vincom tries to cover itself with four tailored formats: Vincom Center, which is designed for high-density locations; Vincom Mega Mall, a retail/entertainment concept averaging about 110,000sqm of gross floor area (GFA); and Vincom+ and Vincom Plaza, two formats that are oriented toward smaller provincial cities.

Expansion 130
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2XL Home Luxury more accessible with the Grand Opening of its new Al Barsha Store in Dubai

Design Middleeast

Elevating the standard of luxury home furnishings, 2XL Home proudly announces the opening of its new store on Umm Suqeim Road, Al Barsha, Dubai, UAE. 2XL Home has strategically positioned itself in the bustling heart of Al Barsha, Dubai, aiming to redefine the local luxury home furnishings landscape.

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ā€œFairly uniqueā€: How Ikea plans to do things differently in New Zealand

Inside Retail

Announced in 2019 , the 34,000sqm store will be located at Sylvia Park in Auckland. Ikea Groupā€™s expansion manager Fabian Winterbine told Inside Retail that New Zealand has been considered something of a ā€œmissing pieceā€ for many years. Accompanied by an e-commerce platform, it is set to open its doors to the public in 2025.

Planning 130
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Daiso, Muji, Moshi Moshi? Why this Japanese-inspired chain is taking off

Inside Retail

Following in the tradition of Japanese retailers like Loft, Daiso and Muji that bring chic to everyday items and are consummate visual merchandisers, Thailandā€™s Moshi Moshi has gone into full expansion mode with a concept that uses the same template. Some stores also sell pet accessories.

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Why international stores are key to Costcoā€™s future growth

Inside Retail

Store growth for Costco going forward will be focused more away from the US than domestically because of decreasing opportunities for expansion at home. Newer stores are not as productive as older ones, indicating that the concept is approaching saturation or already there in the US and Canada, where Costco has most of its locations.