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Ikea unveils US$2.2 billion expansion plan 

Inside Retail

billion in an omnichannel expansion strategy in the US over the next three years. The US is one of our most important markets, and we see endless opportunities to grow there and get closer to the many Americans with affordable products and services,” said Tolga Oncu, head of Ikea Retail at Ingka Group.

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Vincom is easily the largest mall developer and operator in Vietnam, and wants to focus less on new development this year and more on a trifecta of objectives aimed at its existing mall fleet: driving rental growth, upgrading its market positioning, and strengthening the shaky operating metrics of elements of its far-flung portfolio.

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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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, Thailand’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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“Fairly unique”: 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 Group’s expansion manager Fabian Winterbine told Inside Retail that New Zealand has been considered something of a “missing piece” for many years. In terms of online shopping, New Zealand rates highly compared to many markets.

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Why international stores are key to Costco’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.

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More than a mall: How The Exchange TRX aims to redefine retail in Malaysia

Inside Retail

Featuring the first bricks-and-mortar store for cult beauty brand Drunk Elephant and an expansive 10-acre rooftop park designed for social engagement and sustainability, The Exchange TRX is on track to become a world-class retail destination. The Malaysian market travels, and locals are looking for these brands.