IKEA build its Chinese stores on Aconex- and store number 25 has recently broken ground- 4.6 hectare footprint and 120 million potential customers.
2 more stores, in Guangzhou in Guangdong province and Tianjin municipality are set to follow soon.
In the financial year to August 10, more than 90 million people visited IKEA stores in China.
IKEA's FY runs from Sept 1 to August 31st. Anyway, that's great store traffic in anybody's book!
New IKEA store to be built in east China
Source: Xinhua| 2017-09-19 13:20:02|Editor: Yang Yi
NANJING, Sept. 19 (Xinhua) -- A new outlet for furniture retailer IKEA will be built in Xuzhou City in east China's Jiangsu Province.
Workers have broken ground for the store in the Xuzhou Economic and Technological Development Zone. The store, expected to open in the summer of 2018, will cover an area of about 4.6 hectares, with an operation area of about 3.5 hectares.
The store is expected to serve about 120 million people in the Huaihai Economic Zone.
IKEA is the world's biggest furniture retailer. It currently has 24 stores and two pickup and order points in China.
http://news.xinhuanet.com/english/2017-09/19/c_136620711.htm
Groundbreaking ceremony for the new store in Xuzhou City.
Aconex powers IKEA China store projects
Project name: IKEA | Industry: Residential & CommercialLocation: China
IKEA, the global home products retailer, has been operating in China since 1998. IKEA has built stores in key provinces across China, including Dalian, Nanjing, Shanghai, Shenyang, and Shenzhen.
https://www.aconex.com/projects/ikea
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
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