The One (company)

Last updated
THE One Total Home Experience
Company type Private
GenreRetail
Founded1996;28 years ago (1996)
FoundersThomas Lundgren
Headquarters
Area served
Middle East
Key people
Thomas Lundgren (CEO)
ProductsFurniture
Accessories
Homeware
Tableware
Music
ServicesHome Styling
Free Delivery and Assembly
Interior Designer Programme
Number of employees
500
Website www.theone.com

The One Total Home Experience, stylised as THE One, is a furniture retail company founded by Swedish entrepreneur and philanthropist Thomas Lundgren.

Contents

History

The One store opened in Abu Dhabi, United Arab Emirates, in 1996. In an interview with Arabian Business magazine, Lundgren says he was inspired by a dream he had in 1993, in which an angel came to him with a mission to save the world from IKEA. [1]

In 2006, The One celebrated its 10th anniversary by being the sole sponsor of Robbie Williams' Dubai concert, while also decorating Robbie's backstage rooms at the Nad Al Sheba venue. [2] [3]

In April 2007, The One was named one of the GCC's 50 Most Admired Companies by Arabian Business magazine. [4]

In 2024, The One launched a new concept store in Dubai Hills Mall focused on the company's home furniture collections. [5]

Concept

According to CEO, Thomas Lundgren, The One's creative concept is to be magical and meaningful and "mass market, but to be prestigious with affordable prices". [6] Lundgren claims to sell feelings rather than commodities and calls The One stores "theatres", where seasonal home fashion shows are staged. [7] [8] Each "theatre" set up by a team of decorators. The larger stores are furniture-driven with accessories complementing it and the smaller stores, or "Boutique Theatres", are accessory-driven with furniture incorporated to enhance the accessories. [9]

Many stores include in-store restaurants. [10]

Related Research Articles

<span class="mw-page-title-main">IKEA</span> Swedish multinational retail conglomerate

Inter IKEA Systems B.V., trading as IKEA, is a Swedish multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by Ingvar Kamprad and currently legally headquartered in the Netherlands, IKEA has been the world's largest furniture retailer since 2008. The brand used by the group is derived from an acronym that consists of the founder's initials, and those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd.

<span class="mw-page-title-main">Virgin Megastores</span> British entertainment retail chain

Virgin Megastores is an international entertainment retailing chain, founded in early 1976 by Richard Branson as a record shop on London's Oxford Street.

American Eagle Outfitters, Inc. is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc., a company that also owned and operated Silverman's Menswear. The Silvermans sold their ownership interests in 1991 to Jacob Price of Knoxville, Tennessee. American Eagle Outfitters is the parent company of Aerie, Unsubscribed and Todd Snyder.

<span class="mw-page-title-main">Bloomingdale's</span> American luxury department store chain owned by Macys Inc

Bloomingdale's Inc. is an American luxury department store chain founded in 1861 by Joseph Bloomingdale and Lyman Bloomingdale. It was acquired by Federated Department Stores in 1930, which acquired the Macy’s department store chain in 1994, when they became sister brands. Ultimately, Federated itself was renamed Macy’s, Inc. in 2007.

<span class="mw-page-title-main">Harvey Nichols</span> Department store in London, England

Harvey Nichols is a British luxury department store chain founded in 1831, at its flagship store in Knightsbridge, London. It sells designer fashion collections for men and women, fashion accessories, beauty products, fine wines and luxury foods. It is owned by Hong Kong luxury goods company Dickson Concepts. The chain has 14 locations worldwide across Hong Kong, Ireland, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates and the United Kingdom, including a Beauty Bazaar in Liverpool and a brasserie in the OXO Tower, London.

<span class="mw-page-title-main">Crate & Barrel</span> International home decor company

Euromarket Designs Inc., doing business as Crate & Barrel, is an international furniture and home décor retail store headquartered in Northbrook, Illinois. They employ 8200 employees across over 100 stores in the United States and Canada, with franchises in Central America, South America, Asia and United Arab Emirates.

<span class="mw-page-title-main">Ibn Battuta Mall</span> Shopping mall in Dubai, United Arab Emirates

The Ibn Battuta Mall is a large shopping mall on the Sheikh Zayed Road in Dubai, UAE, close to Interchange 6 for Jabal Ali 1 in southwest Dubai. It opened in 2005 and contains more than 300 stores. It is named after Ibn Battuta, a 14th-century Maghrebi traveller, explorer and scholar.

<span class="mw-page-title-main">Mall of the Emirates</span> Shopping mall in Dubai

Mall of the Emirates is a shopping mall in Dubai. Developed and owned by Majid Al Futtaim Group, it opened in November 2005 and is located at interchange four on Sheikh Zayed Road.

Robinsons Department Stores Online Pte Ltd is an online retail company based in Singapore. The company owned Robinsons department stores in Singapore and Malaysia, which closed in 2021. It also operated the largest department store in the Middle East at the Dubai Festival City before its closure in 2021.

<span class="mw-page-title-main">Dubai Mall</span> Very large shopping mall in Dubai, UAE

Dubai Mall is a shopping mall in Dubai. The largest mall in Dubai, it is the second-largest mall in the world by total land area and the 26th-largest shopping mall in the world by gross leasable area, with a total retail floor area of 350,000 m2 (3,800,000 sq ft). The mall is part of the 20-billion-dollar Downtown complex adjacent to the Burj Khalifa, and includes over 1,200 shops. In 2011, it was the most visited building on the planet, and attracts over 54 million visitors each year.

<span class="mw-page-title-main">Géant Casino</span> French hypermarket chain owned by Casino Group

Géant Casino was a hypermarket chain based in Saint-Étienne, France, part of the French retailing giant Groupe Casino. It has been replaced by Casino #hyperFrais.

<span class="mw-page-title-main">Westfield Oakridge</span> Shopping mall in San Jose, California

Westfield Oakridge, commonly known as Oakridge, is a shopping mall in San Jose, California, located in the Blossom Valley neighborhood of South San Jose. Established in 1971, Oakridge has been redeveloped multiple times in its history, most recently in 2003, to the cost of $150 million.

Majid Al Futtaim Holding is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.

<span class="mw-page-title-main">LuLu Group International</span> Emirati multinational conglomerate

LuLu Group International is an Emirati-based multinational conglomerate company that operates a chain of hypermarkets and retail companies, headquartered in Abu Dhabi, United Arab Emirates. It was founded in 2000 by M. A. Yusuff Ali from Nattika in Kerala, India. The Group mainly operates "Lulu Hypermarket", a chain of hypermarkets that ranks among the top grocers in many of the markets it operates in. LuLu has over 65,000 employees of various nationalities.

<span class="mw-page-title-main">Watsons</span> Personal and health care chain store

Watsons is a Hong Kong health care and beauty care chain store in Asia and Europe. It is the flagship health and beauty brand of the A.S. Watson Group, which is majority owned by CK Hutchison Holdings.

<span class="mw-page-title-main">Alshaya Group</span> Kuwaiti company

Alshaya Group is a multinational retail franchise operator headquartered in Kuwait. It operates nearly 70 consumer retail brands across the Middle East and North Africa, Türkiye, and Europe. In addition to its retail operations, the Alshaya Group has holdings in real estate, construction, hotels, automotive and general trading, largely centered in the Middle East.

<span class="mw-page-title-main">Lifestyle (department store)</span> Indian fashion brand

Lifestyle is a fashion retail store chain owned by Dubai-based conglomerate Landmark Group. Lifestyle's inventory consists of Indian and western apparels, footwear, handbags, beauty products, and fashion accessories for men, women, and children. In India, Lifestyle International Ltd operates retail formats such as Lifestyle Stores, Home Centre, Max Fashion, and Easybuy.

AW Rostamani Group, also known as “AWR”, is a privately held company established in 1954 in Dubai, United Arab Emirates, by Al Rostamani brothers, Abdullah and Abdul Wahid Al Rostamani. The company is headquartered in Dubai and employs over 3,800 workers. The Group operates 12 companies in seven diverse sectors: automotive, real estate, retail, lighting, travel and logistics.

Silicon Valley Computer Group Philippines or simply known as Silicon Valley is a consumer electronics retail shop in the Philippines with 63 branches, nationwide.

The retail format influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by small family-run stores, but large retail chains are increasingly dominating the sector, because they can exert considerable buying power and pass on the savings in the form of lower prices. Many of these large retail chains also produce their own private labels which compete alongside manufacturer brands. Considerable consolidation of retail stores has changed the retail landscape, transferring power away from wholesalers and into the hands of the large retail chains.

References

  1. "The Crazy One". ArabianBusiness.com. Retrieved 2018-05-30.
  2. 7Days: Get tickets tomorrow
  3. 7Days: 2500 More Robbie Tickets
  4. Arabian Business.com: Revealed: Gulf's most admired companies
  5. "Home Decor: THE One opens its latest theatre at Dubai Hills Mall". Gulf News. Retrieved 30 January 2024.
  6. "Business 24 Financial, Cryptocurrency and Investment News". www.business24-7.ae. Retrieved 2018-05-30.
  7. Arabian Business.com: Funky Business
  8. The National.com: 'I wanted to sell feelings'
  9. The National.com: Where home is a feeling
  10. The National.com: One up-market organic spread in Dubai