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Philippines to host world’s largest IKEA store

Ikea store korea results news - Retail in Asia

The world’s biggest IKEA store will open in the Philippines in 2020.

SEE ALSO : EXCLUSIVE INTERVIEW with IKEA Southeast Asia

The Swedish furniture giant will open a 700,000 sq ft outlet – nearly double the size of a typical IKEA store – at the SM Mall of Asia in Manila Bay.

This is equivalent to the size of more than 150 basketball courts, said Christian Rojkjaer, IKEA’s Southeast Asia managing director.

The two-storey Manila store will also feature a warehouse, an e-commerce facility and a call centre.

The Swedish retailer will spend an initial US$134 million to build, stock and staff the store.

The store will carry 9,000 products and have 500 employees.

“Philippines is a very young country. I think the fact that the average age is 24 years makes us believe in our glorious future here,” said Georg Platzer, who will reportedly manage the Manila store.

He added that IKEA may expand in the Philippines following the opening of the Manila store.

Currently, the largest IKEA store in Southeast Asia is in Johor Bahru, Malaysia and spans 502,815 sq ft and features 54 Swedish-inspired showrooms.

Earlier this year, IKEA opened its first store in India, sparking traffic jams on surrounding streets as people visited the retailer in droves.

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