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5 Dec 2025 12:31
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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

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     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

    		 Rugby League:
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     International:
    Israel to compete at Eurovision Song Contest in 2026, prompting several nations to withdraw 11:17

     International:
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     Politics:
    A Christchurch school at the centre of this week's mouldy lunches debacle, has launched an internal inquiry 11:07

     Auckland:
    A person's in hospital with moderate injuries after a car crashed into a house in Auckland's Grafton this morning 10:47

     Politics:
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     Motoring:
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    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

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