The Group’s plans for the expansion of IKEA include the opening of the first medium-size store in Varna, Bulgaria. The 8,000 store will be located within Delta Planet mall, with the opening date set for 2020.
At the moment, Fourlis Group operates an IKEA department store in Bulgaria’s capital, Sofia, as well as pick-up points in Varna, Plovdiv and Burgas. The new store in Varna will replace the existing pick-up point in the city. According to its development plan, Fourlis Group aims to open five medium size IKEA stores (5,000 – 12,000 sqm) and ten small-size stores (1,000 – 2,000 sqm) in Bulgaria, Greece and Cyprus, in the next five years.
The Group currently runs a chain of seven IKEA stores (five in Greece and single stores in Cyprus and Bulgaria), ten pick-up points and three e-commerce shops. In 2018, the annual turnover of the Group’s Retail Home Furnishings sector was 296.7 million EUR, while the total number of visitors in the three IKEA stores amounted to 10.9 million. This year IKEA started the construction of its first store in Slovenia, located within BTC City in Ljubljana.
The 31,000sq m store will offer around 9,500 furniture products, as well as a children’s playground, restaurant, bistro, Swedish food shop and parking spaces for more than 170 bicycles and 1,000 cars.
Source: Retail SEE