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IKEA plans to open Southeast Asia’s first city store in Sukhumvit

IKEA, a Swedish home furnishing brand, is scheduled to open its first Southeast Asian urban store in Bangkok by the end of next year.

Leonie Hoskin, retail manager of IKEA Thailand and Vietnam, said the company had rented 12,000 square metres on the third floor of the EmSphere retail complex with a 25-year lease, in order to open its first city store on Sukhumvit Road.

“We chose the Sukhumvit location because it is an iconic neighbourhood widely known not only to local customers, but also foreigners,” she said. “It comprises 300,000 households within just a 5-kilometre radius, and Sukhumvit is within walking distance from the BTS and MRT. This fantastic location will bring IKEA very close and more accessible to many people. It will strengthen The EM District, a world-class business and lifestyle destination.”

IKEA Sukhumvit plans to hire 200 employees, providing a complete range of room sets, the market hall, self-service counters, and an IKEA restaurant similar to those offered at its existing stores in Bang Yai and Bang Na.

IKEA said its city store concept was launched in 2017 and had received an overwhelming response in locations including Paris, Vienna and Shanghai.

“The city store concept is a key strategy for IKEA’s new expansion around the world. Now is the right time to launch the IKEA city store concept in Bangkok. It will be the best city store concept worldwide as it offers a clear concept and a complete shopping experience similar to the original IKEA stores,” she said.

Sirin Atsilarat, store manager of IKEA Sukhumvit, said the shop will sell roughly 9,500 products.

“It is really difficult and challenging to make the operation of the IKEA city store concept profitable, but it is the right time to introduce the city store in Thailand,” she said.

Read more at Bangkok Post