Ikea won’t open store but to add new services in ’25

Quick Summary:

EXECUTIVES of the local operator of Swedish furniture retailer Ikea brand won’t be adding a store next year in the Philippines; noting it’s "ambitions” to expand is linked to the growth of the country’s middle class.

Sweden is currently exporting $155 million worth of goods to the Philippines and importing $64 million.

It’s a future ambition for the company, for sure.” He noted that Ikea is expanding in terms of services.

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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: PhilippinesSweden

Topics: Ikea Bodungen Swedish Sweden Class Philippines Growth Noted Middle Report It’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 16:09:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 682 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24418728

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Official Website: businessmirror.com.ph

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News Last Updated: 12 hours ago

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