IKEA is excited about NZ expansion – despite 'thinner' consumer wallets

IKEA is excited about NZ expansion – despite 'thinner' consumer wallets
In Australia last year, IKEA's earnings were boosted by strong DIY enthusiasm and home offices. (Image: Depositphotos)
Ella Somers
IKEA Australia is keeping its New Zealand expansion cards close to its chest as its plans to kick off in Aotearoa begin to ramp up.      But the retail giant’s Australia and New Zealand chief executive Mirja Viinanen – who is also the home furnisher’s chief sustainability officer – stressed to BusinessDesk that IKEA wouldn’t be comparing NZ with any of its other markets.“We are operating in 30 different countries anyway, and we have a different life-at-home situation for the people an...

More Retail

Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

ForBarr raises Hallenstein Glasson target price 20%
Retail

ForBarr raises Hallenstein Glasson target price 20%

The outlook in the golden country is golden, they say.

Gregor Thompson 11 Dec 2024
Supermarkets say ‘errors’ behind ComCom criminal charges
Retail

Supermarkets say ‘errors’ behind ComCom criminal charges

ComCom has filed criminal charges against Woolworths and two Foodstuffs supermarkets. 

Gregor Thompson 11 Dec 2024
NZSA opposes Hallensteins chair re-election
Retail

NZSA opposes Hallensteins chair re-election

Hallenstein Glasson chair Warren Bell was appointed to the board in 1986.

Gregor Thompson 10 Dec 2024