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6 Dec 2025 3:12
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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
    The Black Caps are trying to wrap up the first cricket test against the West Indies, on day four in Christchurch More...

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


     Today's News

    		 Soccer:
    Coach Darren Bazeley is relatively blasé over who joins the All Whites' 20-26 football World Cup pool 21:57

     Cricket:
    West Indies batter Shai Hope has reached his century, late on day four of the first cricket test against New Zealand in Christchurch 21:17

     International:
    'Cloud Dancer' named as Pantone colour of the year for 2026 21:07

     Health & Safety:
    Warnings not to collect and eat shellfish along the Bay of Plenty coast - with unsafe levels of toxins that could cause paralysis, respiratory failure and, in severe cases, death 18:57

     Law and Order:
    A South Korean man's been sentenced to 14 months prison time for attempting to buy a rare native gecko 18:37

     International:
    Israel's continued participation in Eurovision the latest in a string of contentious moments 18:17

     Law and Order:
    A man's died after turning up at an Auckland medical centre with stab injuries - plunging Police into a homicide inquiry 18:07

     Health & Safety:
    Kindercare says it's shocked by the incident and harm to children 18:07

     Christchurch:
    A fun activity at a Christchurch daycare went horrifically wrong today - after a misidentified corrosive substance ended up on a water slide 17:37

     Rugby League:
    Australian boxing promoter George Rose is relieved Nelson Asofa-Solomona can finally be rewarded for belting opponents 17:37

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