Ikea on track for late 2025 Auckland launch

Ikea on track for late 2025 Auckland launch
A new blue and yellow shed is taking shape in Mt Wellington. (Image: Depositphotos)
Greg Hurrell
When Swedish retailer Ikea opens its Auckland store in 2025, it expects to sell more garage furniture in New Zealand than anywhere else in the world.The 34,000-square-metre store in Sylvia Park, Mt Wellington, is Ikea's first in NZ. The Swedish retail giant is spending over $400 million on the Auckland development.Ikea Australia CEO and chief sustainability officer Mirja Viinanen said entering a new market or country is always a big decision. Ikea had announced it was considering opening a store in New Zealand in 2018, but the pandemic...

More Retail

Boxing Day spending trumps slow 2023
Retail

Boxing Day spending trumps slow 2023

Worldline data shows a better Boxing Day but a slower pre-Christmas period.

Staff reporters 27 Dec 2024
Grounds for concern: Margin squeeze rocks coffee roasters
Retail

Grounds for concern: Margin squeeze rocks coffee roasters

L'affare's GM said slimming margins have made prices ‘unsustainable’.

Gregor Thompson 19 Dec 2024
Paper Plus NZ undersubscribes capital raise by 40%
Retail

Paper Plus NZ undersubscribes capital raise by 40%

Most of the co-op's members participated in the capital raise.

Gregor Thompson 18 Dec 2024