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World-first Ikea Close to You concept opens in Hong Kong

Inside Retail

Home furnishing giant Ikea has launched the world’s first Ikea Close to You concept store inside the Market Place grocer in Hong Kong’s Discovery Bay. Ikea Close to You is also the retailer’s first store located inside a supermarket. The chain entered Hong Kong in 2007 under the name Market Place by Jasons.

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Why international stores are key to Costco’s future growth

Inside Retail

Newer stores are not as productive as older ones, indicating that the concept is approaching saturation or already there in the US and Canada, where Costco has most of its locations. per cent, with big-ticket items in the home furnishing and electronics categories taking a significant hit. Sales of non-food items decreased 0.4

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Vincom tries to cover itself with four tailored formats: Vincom Center, which is designed for high-density locations; Vincom Mega Mall, a retail/entertainment concept averaging about 110,000sqm of gross floor area (GFA); and Vincom+ and Vincom Plaza, two formats that are oriented toward smaller provincial cities.

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Meet Big C: The Thai hypermarket chain thriving in small cities

Inside Retail

The company did its best by improving product sourcing and curation to meet the needs of the day, such as higher demand for cleaning and hygiene products, home furnishings, appliances and computers. Centres like the one in Sisaket have suffered greatly from lockdowns and other restrictions during two years of pandemic.

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Costco’s cool: It’s not flashy but competent success is never dull

Inside Retail

Stores located outside the US and Canada delivered superior same-store sales growth of 8.4 CEO denies new openings are skewed toward international Costco now operates 891 member warehouses, of which 177 are located outside the US and Canada, including 75 in four Asian countries. Net sales in financial year 2024 increased 5.0

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Costco reports Q1 sales growth, highlights membership and e-commerce strength

Inside Retail

Gold and jewelry topped the list of best-selling items, followed by hardware, gift cards, home furnishings, health and beauty, and sporting goods. And for some lucky couple: Costco travel services sold a five-month around-the-world cruise taking in the Galapagos, Easter Island and other exotic locations.

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After Wilko’s demise, what’s next for the value sector?

Retail Gazette

It’s a formula that’s been mastered by TK Maxx for the last 29 years, with a typical shop stocking everything from fashion, handbags and accessories to cooking utensils, stationery and home furnishings at – more often than not – significantly reduced prices. What’s next?