Ikea to open store in Navi Mumbai, plans two more store openings for 2021
On December 18, Swedish retailer Ikea will open its second India store in Navi Mumbai. The business plans to open two further stores in 2021.
After entering the Indian market over two years ago and opening a store in Hyderabad, Ikea is set to open its second store in the country. The brand already retails in Mumbai through its e-commerce store and the new brick-and-mortar outlet will give it a physical presence in the metro area.
“We are very excited, as Mumbai is one of our priority markets in India,” said Ikea India’s CEO Peter Betzel, ET Bureau reported.
“We have been present online in Mumbai since early 2019 and soon the many people of Mumbai will be able to shop at our fantastic Ikea store.”
The store will launch with a number of health and safety measures in place akin to those in its Hyderabad store. Only a set number of visitors will be allowed inside at any one time and this will be carried out through prior registration.
Ikea plans to open two more brick-and-mortar stores in India next year. The brand, which also has an online presence in Hyderabad and Pune, aims to expand its reach from its current total of over 35 million visitors to 100 million customers in India by 2022.
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