Ikea’s Delhi Plans Revealed: Small Stores, Ecommerce Operations & More – Trak.in

Swedish Home Fernanding Giant ikea I am sharpening its extension Delhi-NCRRolling a Small format store And E -commerce services from March 1st. The retailer will offer Online delivery In Delhi and Nine additional cityIncluding Agra, Amritsar, Chandigarh, Jaipur, Kanpur, Lucknow, Ludhiana, Priya Gorge, and Varanasi.

IKEA’s move is compatible with its wider strategy Combining larger retail stores, small outlets, and online sales to Tap in India’s growing domestic franchise market.

Strengthen logistics and future investment

To support its e -commerce push, iKEA has set up a 180,000 sq In contributions with Rans Logistics. This facility will be smooth Next day’s delivery services In most stock caping units (SKU) Delhi-NCR.

In addition, Angka Group, the primary company of IKEAI am investing Two mixed use shopping malls In Noida and Gurgaon, each one is anchored through the IKEA store. Noida Center Will open through 2028 With the investment of 5,500 croresWhile, while Gargaon Mall With investment of, is ready to open next year Million 400 million (₹ 3,500 million).

Delhi: a high priority market for IKEA

Susan Pulorr, CEO and Chief Sustainable Officer, IKEA IndiaStressing on the importance of Delhi, he said:

“Delhi is our top priority market. It is the largest home market. We are working towards the Omni Channel strategy to meet the demand.

Currently, IKEA’s 30 % sales of IKEA come from online channelsAnd is expected to increase with it Delhi-NCR extension.

IKEA’s future in India: the second phase of expansion

Since its India starts 2018 with a Hyderabad storeIkea has set up Three large format stores And A small format store. The company is now planning a The “second phase of investment”As focusing on new areas like, Chennai and Pune By reinforcing its presence Bangalore.

“In our first phase, we committed 10,500 crores, which included major projects in Gurgaon and Noida. Now, we are planning a new investment wave.

Quick Commerce (Q-Commerce) and Finding Finding Supply

With India’s growing demand for extremely rapid deliveryIKEA is guessing Q-Commerce Strategy Understanding the hours of completion. While no official decision has been made, The next day’s supply will mostly be available on Delhi-NCR orders.

Financial Performance and Profit Goals

I Fiscal Year 2024IKEA India reported Income of 85 1,852.7 croreA 5.12 % increase From the previous year, however, the losses expanded to 1,134.3 Crore to 1,303 crore Due to the ongoing investment.

Nevertheless, Pulorr confirmed:

“We are still in the investment phase, but we are moving towards profit according to our long -term strategy.”

With a Delhi-NCR as a key driver, IKEA is ready for Entering a strong market, sales of high e -commerce, and expanding the physical retail presence In India.

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