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The Economic Times
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| 04 March, 2021, 11:33 AM IST | E-Paper
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Business News›Industry›Services›Retail›Ikea | Change in Strategy: Ikea to open more smaller stores; focus on omni-channel in India

    Change in Strategy: Ikea to open more smaller stores; focus on omni-channel in India

    Ikea is also planning to construct a shopping mall known as Ingka Centre in Gurgaon that will be home to other retailers and brands aside from an Ikea store.

    Synopsis

    This is a departure from Ikea’s original 2013 India plans when the government cleared the Swedish retailer’s application to invest Rs 10,500 crore to open 25 of its sprawling giant-sized outlets.

    New Delhi: In a change in its India strategy, Ikea may now open more smaller stores in the country – in the range of about 50,000 sq ft compared to its warehouse sized average 400,000 sq ft outlets – in the coming years amid a changing consumer behaviour that is increasingly shifting towards online shopping and omni-channel retailing, people familiar with Ikea plans said. This is a departure from Ikea’s original 2013 India plans when the
    BY
    ET Bureau
    5 mins read, Last Updated:
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