Swedish furniture retailer IKEA has announced that its second department store in Romania will open on the 24th of June. The store will be located in the eastern part of the country’s capital city, Bucharest, and is an investment worth 90 million EUR.
Stretching across 37,000 sqm, the new department store will become IKEA’s largest unit in South East Europe. Its opening will create approximately 600 job opportunities.
“After excellent progress in construction over the past few months, I am glad to announce that we will open the store on the 24th of June and bring our vision of a better day-to-day life closer to even more people in Romania. Besides the construction of our store, we’ve also completed the recruitment process, and our employees are ready to welcome our guests and clients at the opening,” stated Cas Lachaert, IKEA’s Store Manager.
NEW STORES PLANNED IN ROMANIA
According to its representatives, IKEA plans to develop three more stores in the Romanian cities Timisoara, Brasov and Cluj-Napoca by 2020.
The Swedish furniture giant opened its first Romanian department store in March 2007, in Bucharest. The store used to be operated by a franchise partner and became part of the IKEA Group in 2010.
In 2018, IKEA recorded sales of 609.3 million lei (128.96 million EUR) excluding VAT in Romania, up by 10.6 percent compared to the previous year.
IKEA EXPANDING IN SOUTH EAST EUROPE
In March this year, IKEA announced that it has applied for a building permit to develop its first department store in Slovenia. The long-awaited store will be constructed in BTC shopping district in Ljubljana and will take one year to complete.
In Serbia, IKEA currently operates one department store in Belgrade’s Bubanj Potok area, and is preparing to invest 50 million EUR in the development of a new retail park next to its existing store.
Within the South East Europe region, the Swedish powerhouse is also present in Croatia and Bulgaria.