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Saturday, November 24, 2018

IKEA is coming to the Philippines in 2020!

After years of speculation and waiting, IKEA made it official: it will open a store in the Philippines in 2020. It will be the Swedish retail company's biggest store in the world, covering an area of 65,000 square meters.  The two-story building will be located at the Mall of Asia complex, and for added convenience to loyal SM customers, there will be a walkway that will connect the store to the mall.

image from the Internet
I've been to an Ikea store in Singapore, and it was a great experience.  Although it was like going through a maze, I was like a child in a candy store.  By the way, I am not really interested in the furniture, which doesn't look durable.  What really made me go around the labyrinth-like store were the home accessories like curtains, cushion covers, and decor. Plus, the products were priced reasonably that you can be forgiven for indulging.  Hopefully, the future local Ikea store will use the same price points when they finally open their doors in 2020.  Online shopping will also be available for those who want to buy stuff from the comforts of their home.  But personally, I prefer to see and touch the products before purchasing.

Some 9,000 products will be included in the store's line-up, and this raised some concern among local netizens.  The store's opening could potentially affect local furniture producers, according to some posts,  and negatively impact the livelihood of those working in the industry.  Others hope that the retail giant would include locally-sourced products in their inventory to 

Nikkei Asian Review reported that Ikea had 422 stores in over 50 countries as of the end of August when the retailer closes its fiscal year. It attracted 957 million shoppers and generated $43.9 billion in sales during the 12 months.


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