{"id":2758,"date":"2026-01-20T17:46:45","date_gmt":"2026-01-20T17:46:45","guid":{"rendered":"https:\/\/malaysian-business.com\/wptest\/2026\/01\/20\/ikea-southeast-asia-turnover-reaches-myr-3-7-billion\/"},"modified":"2026-01-23T17:53:41","modified_gmt":"2026-01-23T17:53:41","slug":"ikea-southeast-asia-turnover-reaches-myr-3-7-billion","status":"publish","type":"post","link":"https:\/\/malaysian-business.com\/portal\/2026\/01\/20\/ikea-southeast-asia-turnover-reaches-myr-3-7-billion\/","title":{"rendered":"IKEA Southeast Asia Turnover Reaches MYR 3.7 billion"},"content":{"rendered":"

KUALA LUMPUR, September 26 <\/strong>\u2013 Sales at IKEA stores in Southeast Asia topped MYR 3 billion for the first time this year, reflecting healthy growth for a big-box retail business that is meeting a new generation of shoppers and creating fresh passion for home furnishing.<\/p>\n

More than 3,400 co-workers in the region met around 98 million visitors in the stores and centres. IKEA Southeast Asia also opened IKEA Batu Kawan in Penang, managed construction of the Toppen shopping centre in Johor Bahru and sold 113,000 BILLY bookcases \u2013 along with thousands of other affordable home furnishings that make everyday life at home a little better.<\/p>\n

As one of 12 IKEA franchisees around the world, the turnover posted by its eight large, full-format IKEA stores in Southeast Asia \u2013 including four in Malaysia \u2013 contributed to the total result released on Wednesday by the global franchisor, Inter IKEA Group. Its financial year runs from September 1, 2018 to August 31, 2019.<\/p>\n

IKEA Southeast Asia owns and operates IKEA stores and ecommerce platforms in three active markets: Malaysia, Singapore and Thailand. The combined revenue generated from retail sales and rental income across three of its IKEA-anchored shopping centres in the region reached a total of MYR 3.7 billion, recording a 20% increase from last year.<\/p>\n

\u201cThese results show that our IKEA stores and shopping centres have fantastic potential to grow,\u201d said Christian Rojkjaer, Managing Director of IKEA Southeast Asia.\u00a0 \u201cWe make a difference to many people by making life more comfortable, more beautiful, more sustainable \u2013 at an affordable price.\u201d<\/p>\n

\u201cWe face increasing competition in our markets and changing customer behaviour,\u201d he added. \u201cBut our vision to create a better everyday life for the many people is perhaps more powerful than ever.\u00a0 We aim to offer the best deal there is in every market and we have a wide price ladder within our range so, even in tough times, IKEA has something for everyone no matter the size of his or her wallet.\u201d\u00a0<\/p>\n

\u201cOur shopping centres add to the total value by creating meeting places that are the hub of the community \u2013 and, together with IKEA, provide a great day out.\u201d<\/p>\n

Part of the Ikano Group, IKEA Southeast Asia is the franchisee that owns and operates IKEA stores in Malaysia, Singapore and Thailand. Locally, the company operates four IKEA stores i.e. IKEA Damansara and IKEA Cheras in Klang Valley, IKEA Tebrau in Johor and IKEA Batu Kawan in Penang, as well as two shopping centres including IPC Shopping Centre and MyTOWN Shopping Centre.<\/p>\n

The Toppen shopping centre, anchor for IKEA Tebrau in South Malaysia, is opening on November 13, 2019 with a rooftop that features water play, community gardens, exercise space and alfresco dining.<\/p>\n

\u00a0<\/p>\n

Malaysia FY19 Highlights<\/strong><\/p>\n

IKEA Damansara | IKEA Cheras |IKEA Tebrau | IKEA Batu Kawan | IPC Shopping Centre | MyTOWN Shopping Centre<\/p>\n