Menu

Search

  |   Business

Menu

  |   Business

Search

IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market

IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market.

IKEA has officially opened its first store in New Zealand, marking a significant milestone for the iconic Swedish furniture and homeware retailer. The highly anticipated Auckland location, situated in the Sylvia Park shopping centre, spans an impressive 34,000 square metres (365,973 square feet), making it a major addition to the country’s retail landscape. As IKEA’s 505th store worldwide and its most geographically distant outlet from Sweden, the launch represents a strategic move to strengthen the brand’s global presence.

The new store employs around 500 people and drew thousands of enthusiastic customers on opening day. This long-awaited entry into the New Zealand market was first announced in 2019 and arrives 50 years after IKEA opened its first store in neighbouring Australia. With this addition, IKEA now operates across 64 markets globally, reinforcing its reputation as a leader in affordable, modern home furnishings.

Ingka Group, the IKEA franchisee responsible for the New Zealand store, highlighted the significance of opening in such a distant market. Retail Manager Tolga Öncü described the launch as a “leap of faith, investment and friendship,” emphasizing the company’s commitment to embedding itself in local communities, creating long-term jobs, and offering products tailored to the needs of Kiwi households.

New Zealand Prime Minister Christopher Luxon welcomed the expansion, noting that IKEA’s presence delivers new employment opportunities and enhances competition in the retail sector—ultimately benefiting consumers by offering more choices and better value.

As the brand strengthens its footprint in the Asia-Pacific region, the opening of IKEA Auckland marks the beginning of a deeper relationship with New Zealand shoppers who have long awaited access to the retailer’s popular flat-pack furniture and Scandinavian-inspired design.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.