Find in the news:
BY COUNTRY

IKEA set to expand across Russia



IKEA, the Swedish retailer, is looking to expand its presence across the regions of Russia.
The retailer is planning to come out of its consolidation period and invest €2bn between now and 2020, in expanding its shopping mall network across Russia. It already operates 14 huge shopping malls under its "MEGA" brand, which are located in the biggest cities on the outskirts of Russia.

The company is planning to construct a brand new 215000m² mall in Mytishchi in the northeastern part of Moscow, by 2018.  The plan is to construct more centers in Krasnoyarsk, Perm, Voronezh and St Petersburg, according to the head of IKEA Shopping Centers Russia, Armin Mikaeli.
IKEA Russia

The retailer has held bank on new store openings in recent years and instead placed their focus on the development of existing stores.  It decided to freeze Russian investment during 2011, due to unpredictable and excessive bureaucracy in some of the areas.  The ‘tolerance to corruption’ by some of its staff members was an additional contributing factor to their decision.

Since the situation on both their concerns has improved dramatically, they have taken the opportunity to review their policies.
IKEA stated that in excess of 270m people used their centers last year and sales have increased by 6%.

The resilience of the company will be a strong factor as Russia goes into a period of low growth. The analytical company, Infoline, said that MEGA has seen increased attendance, whilst other retailers were losing customers.

Related shopping malls and stores:

More about shopping malls in Russia



TODAY, United Kingdom:
The new three-story store is scheduled to open in the third quarter of 2023.
YESTERDAY, United Arab Emirates:
The height of the new wheel Ain Dubai is 250 meters compared to 134 at the London Eye.
DAY BEFORE YESTERDAY, China:
Zhuhai Wanda Commercial Management Group filed for an IPO on the Hong Kong Stock Exchange.
Oct 25, 2021, Finland:
Lippulaiva declared K-Supermarket, Prisma, Lidl, and Tokmanni as anchor tenants.
Oct 25, 2021, USA:
About 200 terminals to sell bitcoins were installed in stores operated by Walmart.
Oct 22, 2021, USA:
Cyber-sports arenas, basketball courts, and aquariums are replacing storefronts and retail spaces.
Friend
and Follow
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us