Tag: Ikano

  • Ikano Retail posts record revenue growth

    Ikano Retail posts record revenue growth

    Ikano Retail has recorded its highest turnover yet for the financial year to August 31, reaching US$1 billion across the five markets in which it operates Ikea stores – Malaysia, Singapore, Thailand, the Philippines and Mexico, equivalent to 41.2 per cent year-on-year growth.

    The increased sales were driven by the return of visitors to physical stores after two years of Covid-19 disruptions. CEO of Ikano Retail, Christian Roejkjaer, said there were 113 million visits to the group’s stores and shopping centres.

    In Malaysia, where the group operates four shopping centres, the company recorded $361.8 million in sales. Meanwhile, in the Philippines, where earlier this year it opened the world’s largest Ikea store in Pasay City, turnover reached $113.6 million.

    Sales in Singapore and Thailand reached $255.4 million and $276.6 million respectively.

    “Our shelves were not fully stocked as we would have liked it and our costs went way up,” said Roejkjaer. “Still, we are leading our markets for affordable, quality home furnishing solutions – and our customers appreciate that.’’

    The retailer is also accelerating its expansion plan after the easing of Covid-19 restrictions, planning to open its first compact city-centre concept store in Thailand later this year at The Emsphere, along with its third Mexico store.

  • Ikano Centres to build drive-thru F&B facility next to Ikea Batu Kawan

    Ikano Centres to build drive-thru F&B facility next to Ikea Batu Kawan

    Building on the first phase opening in December last year, Ikano Centres, part of IKEA Southeast Asia, is excited to launch a new drive-thru concept next to IKEA Batu Kawan in North Malaysia. Focusing on food and beverage (F&B), the drive-thru will be the natural next phase in the development of its meeting place that embraces the new age of convenience.

    Expected to be fully operational by mid-2021, the drive-thru component will complement the current dine-in IKEA restaurant and F&B tenants. The latest addition will see more food options across the 200,744 square feet gross leasable area.

    “Malaysians have a great love for food and appreciate the convenience,” said Christian Roejkjaer, Managing Director of IKEA Southeast Asia & Mexico. “For many, drive-thrus have become a quintessential part of their lifestyle and may play a crucial role in our ‘new normal’. Building our first drive-thru concept in Batu Kawan is one way for us to create a safe and positive space for the community to come out and enjoy their favorite food.”

    IKEA Southeast Asia’s Shopping Centre and Mixed-Use Director, Christian Olofsson added, “We look forward to welcoming more partners that share the same community-spirit, to further build a retail destination that Malaysians and tourists will want to visit.”

    Ikano Centres is also pleased to welcome its first partner to complement the on-the-go concept – McDonald’s Malaysia. Taking up approximately 35,000 square feet space, the quick-service restaurant at Batu Kawan will be Penang’s 16th free-standing McDonald’s Malaysia outlet.

    According to Azmir Jaafar, Managing Director and Local Operating Partner of McDonald’s Malaysia, this outlet will reflect the iconic fun, bright and comfortable atmosphere that most Malaysians have come to love.

    “At McDonald’s Malaysia, we continue to cater to changing trends among customers who are increasingly seeking convenience, as well as fast and friendly service to complement their on-the-go lifestyles. We are excited to expand our drive-thru footprint to Batu Kawan, where customers can now enjoy ‘feel-good-moments’ just by conveniently driving by and ordering their favorite meals from a McDonald’s restaurant window,” said Azmir.

    Also, Ikano Centres is in dialogue with petrol station operators to meet the high demand within the growing township of Aspen Vision City in Batu Kawan.

    The latest anchored-by-IKEA commercial development is a joint-venture between IKEA Southeast Asia and Malaysia’s Aspen Group to develop Aspen Vision City, transforming Batu Kawan into an iconic hub in the Northern region of Malaysia.

    “Batu Kawan’s development has been tremendously progressing towards becoming the third satellite city of Penang. We are elated to welcome another well-known international brand, McDonald’s to Aspen Vision City’s (AVC) neighborhood. As a globally famous quick-service restaurant chain, their presence in AVC will surely be a crowd-puller, which also caters to a workforce of approximately 16,000 at the Batu Kawan Industrial Park.

    Earlier this year, we also saw students joining the newly launched The Ship Campus as well as the University of Wollongong KDU Batu Kawan Campus. Other projects to be completed are Vertu Resort, Vivo Executive Apartment, and Viluxe with 3,132 units of residential units which will add traction to AVC,” said Dato’ Murly Manokharan, President & Group CEO of Aspen Group.

    Within the region, IKEA Southeast Asia owns and operates five shopping centers anchored by IKEA. Both the blue-box home-furnishing stores and its meeting places are committed to serving the evolving needs of millions of visitors to create a better everyday life for many people.

  • Community park to be settled in MyTown Kuala Lumpur

    Community park to be settled in MyTown Kuala Lumpur

    MyTown Shopping Centre has opened in the Kuala Lumpur CBD as a joint development by Boustead Holdings and retail banker Ikano.

    It features 1.6 million sqft (148,644 sqm) of retail space (more than 400 stores), an alfresco dining area and a park.

    Anchor tenants include the biggest Ikea and Zara stores in Malaysia, Malaysia’s first Best flagship, Food Empire, Golden Screen Cinemas, H&M, Parkson Department Store and Village Grocer.

    Biggest ZARA in Malaysia @ MyTOWN

    Its two-acre (0.8ha) Town Park has been set aside for community events. It includes ramps and tracks for rollerblading and skateboarding. A Sunken Garden features amphitheater-style.

    MyTown is the first shopping centre in Malaysia to feature Soundscapes – special compositions and custom designed sounds to offer an immersive environment in key locations.

    MyTOWN Launch

    Mr Christian Rojkjaer – Managing Director of Ikea Southeast Asia & Director of Boustead Ikano Sdn Bhd (3rd from left) & Tan Sri Dato’ Seri Lodin Wok Kamaruddin – Deputy Chairman / Group Managing Director, Boustead Holdings Berhad (4th from left) flanked by Directors from Boustead Ikano Sdn Bhd, Boustead Holdings Bhd & Ikano Ptd Ltd including (from left to right), Mr Lee Hartigan, Dato Sri’ Ghazali Mohd Ali, Datuk Koo Hock Fee, Ms. Cheah Swee Choo, Mr Sebastian Hylving, Mr Joakim Hogsander – General Manager of MyTOWN Shopping Centre & Mr Thomas Malmberg.

    GM Joakim Hogsander describes the centre as a lifestyle mall. “We have created a special customer journey through our choice of tenants, design and experience.”

    MyTown has been awarded green building status by the US Green Building Council (USGBC) and Malaysian Green Building Index.