Find in the news:
BY COUNTRY

Ikea Supports Russia in Mall Expansion Plans



IKEA have therefore committed to spending almost 2 billion Euros to upgrade and expand stores throughout the Moscow area.
Unlike the economic situation in the Ukraine, the country next to Russia that has been stymied by corruption, and well, Russian soldiers, Russia itself has been calm and looks like a strong buy in the long term to the Ikea Furniture chain based in Sweden. 

Company officials at Ikea specifically mentioned that they felt the latest downturn in the Russian economy was temporary, making it a good time in the real estate investment curve to pour money into expansion. 

When Ikea first entered Russia, fans of their furniture and food were ecstatic that they finally had some choice that was inexpensive and stylish in the furniture category. Five years ago, that popularity brought on an earlier expansion effort that saw Ikea with a need to negotiate with the local government in order to get the proper permits to expand. Thinking that they were doing the right thing by using a special program designed to weed out corruption in the bid process, they fought off several efforts by local authorities to try and get them to bid on time for the process. Unfortunately, at the end of the process, the company identified two company officials that were not able to say no to officials requests for bribes. Those company management people were removed from their jobs and Ikea then waited a few years for the environment to improve before making its move.

One of the first things that is mentioned in Ikea's new expansion plan is the concept of taking a food court and expanding both the menu and the seating options within the context of existing mall stores. In Russia, some Ikea stores are located in Mega Mall shopping complexes that allow them to either blend their food offerings in with other restaurants or provide their own restaurants within their store. It is thought that by allowing more shoppers the space to dine, more families and people will be able to refresh themselves temporarily so that they can spend more time inside the store.

Another solid expansion plan is to open another store in the Moscow area. For company officials, this is the type of expansion choice that caused problems in the past, but seems safe today. The new store will be located in a Mega Mall setting in the Mytischi area. Like some of the eleven other Mega Malls, Ikea has committed to build out the entire mall and then serve as an anchor tenant in part of it, with other similar types of stores clustered around it. The latest mall that the new store will go into should be over 200,000 square meters in size. The parking lot capacity will be 10,000 cars.


More about shopping malls in Russia



DAY BEFORE YESTERDAY, France:
The new campaign used AR to present world-famous landmarks adorned with the artist's famous dots.
DAY BEFORE YESTERDAY, Italy:
Studio Piuarch implemented the project in collaboration with the architect Antonio Perazzi.
Jan 26, 2023, Malaysia:
Launching the flagship Apple Store format will allow the company to strengthen its position in the Southeast Asian market.
Jan 26, 2023, Switzerland:
Italian brand Moncler opens a unique store on the ski resort of Crans-Monana.
Jan 25, 2023, USA:
The retailer expects these raises will bring the average hourly wage to more than $17.50.
Jan 25, 2023, USA:
The retail space in the Fairfax shopping district will preview the singer's Super Bowl performance.
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet


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