Find in the news:
BY COUNTRY

Increase in Chinese middle class boosts Ikea sales



The largest furniture company in the world, Ikea, has proved very popular in the ever-growing Chinese middle class.
The Swedish company has reported an increase of 3.6% in sales, compared to the previous year, boosting its revenues to €29bn, compared to €23.2bn.

The company now runs 315 stores in 27 countries worldwide, and it would appear that shoppers have become accustomed to its confusing store setup and the frustration of having to assemble its flat-pack furniture. Ikea is planning to open its first stores in India and South Korea.

China has eight of the largest Ikea stores and has become the fastest-growing market for the furniture dealer as migration to cities creates a middle class with sufficient money to spend.
ikea_chinese.jpg

According to Ikea, its business has seen good sales performance in North America, where the economy appears to be improving.

Europe is responsible for about 70% of the company’s total turnover and sales have improved in this region, but the company is preparing to face more challenges due to the flat economic growth in the region and pressures from deflation in the offing.

The group is set to face an economic decline in Russia, one of its main developing markets, which accounts for 7% of their overall turnover. This area is experiencing consumer spending slowdown due to the tension in the international arena.

The firm stated that both store visits and online shopping was increasing and more information will be made available when they publish their annual report during the first part of next year.


More about shopping malls in China



YESTERDAY, China:
A Chinese holiday in which people travel abroad brought shoppers to The Dubai Mall.
DAY BEFORE YESTERDAY, United Kingdom:
The retailer announced the cessation of operating activities in three markets at once.
Oct 16, 2018:
Sears plans to close by the end of the year 142 retail properties in addition to the previously closed 46.
Oct 5, 2018, USA:
Fashion retailer set to open at four properties, further diversifying their mix of offerings and bringing new concepts.
Oct 1, 2018, USA:
There is a new pop-up store to be opened to the public inside City Point Shopping Complex.
Sep 27, 2018, Sweden:
Mölndal Galleria opens today and it's the first new shopping center in the Greater Gothenburg in over 12 years.
Friend
and Follow
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark


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