Ikea plans to establish its first "city store" in India in Mumbai
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26th August 2021, Mumbai:
According to a top business official, Ikea, the Swedish furnishing giant, would establish its first "city store" in India in Mumbai by the end of 2021. Ikea is also developing a city store in Mumbai, which will open in 2022.
As per sources the €15 million stores at Kamala Mills, in the high-rise Worli area, which is known for its upmarket cafes and pubs, will house a restaurant and offer personal shopping, remote planning, and home deliveries.
“Another priority city is Bengaluru. We're exploring chances for comparable city shop models on our own and alongside developers. “Delhi is a city about which we are really enthusiastic,” he added. Ikea has been focusing on smaller stores in major cities across the world, including Shanghai, Moscow, New York, and Paris, in order to get closer to customers and increase sales. Ikea said last year that it wants to establish 50 additional smaller-format stores in major cities across the world.
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The retail behemoth already has a big size shop in Navi Mumbai, as well as another in Hyderabad. The city shops, which are 50,000-100,000 square feet and located on the outskirts of big cities, are significantly smaller than the large format stores, which are about 500,000 square feet and located on the outskirts of large cities. Similar possibilities are also being sought in Bengaluru and Delhi-NCR by the retailer. The Mumbai city shop will include 6,500 goods, primarily smaller furniture and accessories, distributed over three levels. There will be 2,200 goods available for takeout and the remainder will be delivered to your home.
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