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IKEA To turn the first sod for Bangalore store on October 11

IKEA is all set to open its second store in Mumbai later this year

Bengaluru, Oct 5 (IEBusiness) The Swedish single brand home furnishing retailer, IKEA is all set to open its 2nd store in Mumbai later this year. They would turn the first sod for its Bangalore on October 11 following a riotous start. Its first store Hyderabad which drew unprecedented footfall on the opening day in August.

‘ We are extremely satisfied with the initial overwhelming response and look forward to a greater long haul in India” Mr John Achilla,

Managing Director of IKEA Telangana told a visiting group of newsmen at the Hyderabad store on Thursday. With nearly a million footfalls during the first eight weeks after its inauguration on August 9, IKEA has become a prominent destination with over 7500 products, including 1000 made in India goods on sales at the 400,000 sq ft store.

Details

Talking to UNI IKEA India Deputy Country Manager (Management) Patrik Antoni said that India had been a major sourcing destination for the company since last 35 years with nearly three per cent of the global sourcing coming from the country. It had nearly 55 suppliers from India.

With an investment of Rs 1000 Crore in each store, the Bangalore store would be open by late 2019 or early 2020 he said adding that the next destination would be New Delhi in 2020.

Surviving several pitfall over the last five years, IKEA has made big splash with its first store and is planning to introduce online shopping from centres where it had set up brick and mortar store, Plans are on to start online sales in Hyderabad and it would be followed by Mumbai an Bengaluru after the stores come up. ”We want to ensure that we are able to provide servicing and assembling services when we go online”, he added.

Stating that IKEA would provide affordable and quality products that are available for people with thin wallet, Mr Antoni said that apart from imparting training to women, IKEA would strive to have 50 per cent of its workforce from the fair sex. Currently the ratio stood at 46 per cent he said that the company was also working with some non-governmental agencies to ensure still development among women and products made by them were not only on display in the store, but were also being exported to other countries.

Source : UNI-India

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