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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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Ikea seals three-year contract with Australia Post to deliver small parcels

Inside Retail

This financial year, Ikea has fulfilled more than 500,000 parcel orders online, shipped from its 10 stores in six states and territories across the country. Partnering with Australia’s largest delivery provider allows us to greatly enhance our accessibility for our customers in this way.”

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

Inside Retail

You also learn that bulky items sold at Costco’s warehouses in Asia are now being produced and shipped locally instead of being shipped from the US, so, for example, paper towels can be sold at a lower price in Asia because of savings on shipping costs. E-commerce and technology E-commerce sales were up by 16.2

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5 Examples of the Store of the Future

Indigo 9 Digital

The Chinese eCommerce giant made a move into physical retail in 2016 by opening a chain of futuristic supermarkets called Hema or Freshippo in English. Fast shipping. They sell a range of goods from food to beauty to home furnishings. JD.com also opened its first brick and mortar stores in Europe earlier this year.