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5 Dec 2025 10:12
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      Home > News > Business

    An IKEA opening in New Zealand - could signal economic success

    An IKEA opening in New Zealand - could signal economic success


    The Swedish chain opened its first Kiwi branch in Auckland's Sylvia Park this morning - drawing a massive crowd, but causing less traffic congestion than anticipated

    Forsyth Barr expects the retailer to generate more than 191-million dollars in sales - taking about six-percent of the market.

    Retail Analyst Paul Koraua says IKEA immediately opening up nationwide distribution - is a strong move.

    He says it doesn't usually do this - but it is capitalising on the excitement from Kiwis.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     05 Dec: Chris Luxon admits many Kiwis still haven't felt the economy turn a corner
     05 Dec: A stepping stone in Auckland Airport's long term goals - as it welcomes a stopover for one of the world's longest commercial passenger services
     05 Dec: What does Vladimir Putin wants from his state visit to India and his meeting with Narendra Modi?
     04 Dec: New Zealand Food Safety has recalled some flavours of Tom and Luke brand Snacka Balls due to hard plastic contamination
     04 Dec: IKEA's presence in New Zealand - may give local retailers a needed wake-up call
     04 Dec: Air New Zealand's confident a strike a week out from Christmas, won't need to go ahead
     04 Dec: Fonterra is getting closer to selling off its consumer brands like Anchor and Mainland
     Top Stories

    RUGBY RUGBY
    Liam Lawson admits any sympathy for Yuki Tsunoda's Formula One future only goes so far More...

    BUSINESS BUSINESS
    Chris Luxon admits many Kiwis still haven't felt the economy turn a corner More...


     Today's News

    		 General:
    A blend of Cool Runnings, Eddie the Eagle: The Filipino curling team on the cusp of an Olympic spot 10:07

     Motoring:
    Liam Lawson admits any sympathy for Yuki Tsunoda's Formula One future only goes so far 10:07

     Accident and Emergency:
    Police are yet to determine the cause of a crash that's left one person dead in Bay of Plenty 9:27

     Rugby:
    Eben Etzebeth won't be back on a rugby field until late March 8:37

     Law and Order:
    Another arrest in Christchurch - as Police ramp up efforts to tackle a youth crime wave 8:37

     Golf:
    Patience in testing conditions has golfer Daniel Hillier well placed after the opening round of the Australian golf Open in Melbourne 8:27

     Politics:
    Satisfaction from the Education Minister, as secondary school teachers give the Government's latest offer the thumbs up 8:07

     Entertainment:
    Alicia Silverstone has offered a $50,000 reward for the return of two missing giraffes 8:06

     International:
    AUKUS will survive Trump, says Australia's top diplomat in London Stephen Smith 7:57

     International:
    Today in History, December 5: How Prohibition was brought down by gangsters, bootleggers and violence 7:57

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