Swedish residence furnishing big IKEA is lastly getting bullish in regards to the India market with back-to-back retailer opening over the subsequent couple of years. The retailer, that’s immediately unveiling its fourth retailer in Bengaluru, is planning to launch at the least 3-4 massive format shops in fast succession, prime executives at its India unit advised Enterprise Immediately.

After opening its first retailer at Hyderabad in 2018, IKEA launched its second retailer at Navi Mumbai in 2020 and one other smaller metropolis retailer at Mumbai in 2021. With the launch of its massive format retailer at Bengaluru immediately, IKEA now has 4 retailers within the nation.

In accordance with the corporate, it’s now the most important retailer in India unfold over 460,000 sq.ft. To handle the shop, IKEA has employed practically 1,000 individuals, with 70 per cent of them domestically, stated Parineeta Cecil Lakra, Nation Individuals & Tradition Supervisor at IKEA India.

“Presently, we now have some 3,000 individuals working for IKEA and we plan to take that quantity as much as 10,000”, she stated with out specifying a time line.

In accordance with Erik Jan Middelhoven, House Furnishing and Design Supervisor, IKEA India, after the launch of the Bengaluru retailer, IKEA plans to open two different shops — one every at Mumbai and Bengaluru. Then it’ll flip to the Delhi-NCR area. 

“The involved groups are already engaged on the NCR challenge and finalising the placement is being labored out”, he advised BT.

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