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Time of India
5 days ago
- Business
- Time of India
IKEA India opens first store in Delhi: 15,000 sq ft outlet at Pacific Mall; Gurgaon, Noida next in line
NEW DELHI: IKEA India has officially opened its first store in Delhi, marking a significant step in the Swedish furniture giant's expansion across the country. The new 15,000 sq ft outlet is located at Pacific Mall in Tagore Garden, West Delhi, and is designed to bring IKEA's signature home solutions closer to residents of the capital and NCR. This marks IKEA's fourth city presence in India, following launches in Hyderabad, Mumbai, and Bengaluru. The Delhi store features more than 2,000 home furnishing products on display, with nearly 800 available for immediate purchase. Larger furniture items can be ordered online and delivered to customers' homes, continuing the brand's hybrid retail approach. Best known globally for its affordable, ready-to-assemble furniture and Scandinavian design, IKEA is blending large-format stores, city outlets, e-commerce, and 'Plan and Order Points' across India. These points allow customers to design personalised kitchens and wardrobes with expert guidance. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi | Gold Rates Today in Delhi | Silver Rates Today in Delhi Calling the Delhi launch a 'big milestone,' Patrik Antoni, CEO of IKEA India, said in a press release: 'We are humbled by the positive response and love IKEA has received from our North Indian customers since we began online deliveries here in March. To finally open our first store in the heart of the vibrant capital is a big milestone for us, and we are very happy to offer the opportunity for the many people in Delhi to touch and feel the IKEA products. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Harry Potter Star Surprises Fans With New Look The Noodle Box Undo ' The store includes room setups inspired by Delhi homes, digital space planning tools, and expert advisors on site to assist customers. A Swedish Café, serving popular IKEA snacks, adds to the store's family-friendly appeal. Pooja Grover, country expansion manager at IKEA India, explained the choice of location: 'We are constantly learning from evolving retail trends in India to introduce formats that are new and relevant for our customers. The Pacific Mall location was chosen to meet customers where they already spend time.' The West Delhi outlet adds to IKEA's growing presence in India, which already includes city stores in South Mumbai and large-format stores in Hyderabad, Navi Mumbai, and Bengaluru. The company is also building two larger-format stores in Gurgaon and Noida as part of its long-term India growth strategy. IKEA's retail vision in India is centered around its "One Click, 30 Minutes Away" model — blending physical accessibility with online convenience to reach more customers across urban centres. (With agency inputs) Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. "Get the latest news updates on Times of India, including reviews of the movie Coolie and War 2 ."
Time of India
6 days ago
- Business
- Time of India
Ikea debuts in Delhi: 15,000-sq-feet store inaugurated at West Delhi's Pacific Mall; plans for bigger Gurgaon, Noida outlets in development
Ikea India has launched its first Delhi outlet at Pacific Mall, Tagore Garden in West Delhi. The 15,000-square-foot establishment aims to provide Delhi residents and neighbouring areas with convenient access to the furniture brand's products, design concepts and customised services. Tired of too many ads? go ad free now The Swedish retailer Ikea is recognised for its cost-effective, self-assembly furniture, household items and associated services. The Delhi outlet aligns with Ikea's Indian market approach, incorporating expansive stores, urban locations, digital commerce and "Plan and Order Points" for kitchen and wardrobe design consultations, according to ANI report. The Delhi store showcases more than 2,000 items, with approximately 800 available for immediate purchase, offering a tangible Ikea shopping experience. Customers can arrange delivery for larger furniture and household items through online ordering. Patrik Antoni, CEO of IKEA India, described the opening as a "big milestone" in the capital. "We are humbled by the positive response and love IKEA has received from our North Indian customers since we began online deliveries here in March," he said in a press release. "To finally open our first store in the heart of the vibrant capital is a big milestone for us, and we are very happy to offer the opportunity for the many people in Delhi to touch and feel the IKEA products. " The establishment features room displays reflecting Delhi residences, digital spatial planning tools and in-house furnishing consultants along with Swedish Cafe serving signature IKEA refreshments. According to Pooja Grover, country expansion manager at IKEA India, the Pacific Mall location was selected to establish presence in popular shopping destinations. "We are constantly learning from evolving retail trends in India to introduce formats that are new and relevant for our customers," she said. Tired of too many ads? go ad free now The West Delhi outlet comes after IKEA's existing locations in Bengaluru, Hyderabad, Navi Mumbai and South Mumbai city stores. It supports the company's accessibility strategy of "One Click, 30 Minutes Away", combining digital convenience with physical presence. IKEA is currently working on development of two additional large-format outlets in Gurgaon and Noida, advancing its strategic expansion across India.
The Hindu
01-05-2025
- Business
- The Hindu
‘Bengaluru by 2030 is expected to have a home furnishing potential of about ₹216 billion'
On Tuesday, April 29, there is feverish activity at the Essensai 067 Experience Centre on Whitefield-Hoskote Road. There is one day to go for Swedish home furnishings retailer IKEA to throw open its first 'Plan and Order Point' (PaOP) in India and the staff is busy adding finishing touches to the curated setups. The 740 sqm space is nowhere comparable in size to the flagship store in Nagasandra, but serves the retailer's aim to expand - both in format as well as geographically - to serve bustling East Bengaluru. There were a few curious customers who were already exploring the store when The Hindu was invited to take a sneak peek at the store. Pooja Grover, Country Expansion Manager, IKEA India, finds a green couch in a living room set up where a child is playing next to a kids' chair. 'We are four stores old in the country, and for a while we did not expand further. But now we have some plans to expand the physical stores. What we are focusing on is accessibility and convenience. Our main name in this phase of growth is to be accessible to many people. We wanted to be in the East for a very long time,' she said, as she explained the vision behind the PaOP. Purpose of new format Spanning 740 sqm, the new format, according to IKEA, serves as a dedicated customer meeting point, bringing expert home design knowledge closer to customers with personalised consultations, flexible planning support, and seamless installation services. The PaOP, Grover said, is comparable to a design planning studio in the local market. 'It gives you a personalised service for your home planning needs. You have the option of using one of our home furnishing consultants. You also have the option of doing it yourself. After the planning, the orders are placed and then you have the option of taking it online or having it delivered to your home or you can have a pickup option from here or you can have a pickup option from Nagasandra,' she explained. 'In terms of size, of course, Nagasadra is the mother store at 40,000 sq. mt store, while this is 740 sq. mt. In terms of articles, the mother store has 7000 plus articles. Here, we have quite a lot of articles displayed and we have a curated range for pickup. You will anyway have access to the full range by digital means. It's more like an omni channel approach what we're trying to explode and move towards the next phase of growth,' she said. On why Bengaluru was chosen to start the first such store, she said IKEA's focus is on the six cities - Hyderabad, Mumbai, Bengaluru, Delhi, Pune and Chennai. 'Bengaluru by 2030 is expected to have a home furnishing potential of about 216 billion INR. It's a huge growth market, along with Delhi. And it's one of our priority markets, so we are exploring to have quite a few of stores in various formats here. Why east of Bengaluru? It's the IT hub, and because of that, you have a lot of young professionals here who are well-travelled, diverse, and from all over the country. If you do a mapping of the residential hotspots, you can see there's huge amounts of residential catchments being added in the east along Hosakote and Sarjapur and these areas,' she further said. Asked if there are more such PaOPs in the pipeline, she said they are exploring options of other store sizes and formats and the the needs and choices will vary based on catchment and availability of real estate and various other factors. 'For example, in a residential hotspot, we will go for a PaOP like this, but if I have to open something in the centre of Bengaluru where there's hardly any new homes happening, there I might cater to the need with a small store which has cash and carry items and takeaways for your home refresh. So, we are trying to tailor the format to the local characteristics of that particular cluster,' she further said. Grover revealed that IKEA has more smaller stores planned in all the six cities. 'Pin code mapping' She also spoke of how the retailer caters to each city differently. 'We do our life at home studies and then we try and figure out what is the home size, how people live, how people work, what are their needs. To give a few examples, when we are doing our room settings, in Mumbai, it will be smaller than Bengaluru, while in Hyderabad, it will be larger. And now we have taken it a bit more to the specific needs of the clusters, now that in the existing markets, we have a better knowledge as to where our customers are buying, what they're buying. So we are taking it to the next level of catering to not only the city needs, but also going to a bit more to the pin code mapping and understanding what the cluster requires.' Asked if they have noticed a difference in needs of the Nagasandra store in comparison to the Whitefield one, she said in East Bengaluru, there are young professionals focussed towards storage, organising, and choices based on global travel. 'The family sizes differ, and there is also the owner-renter combination. Here (Whitefield) the homes are more rented, while there the homes are more owned,' she added. How markets compare Responding to a question on what IKEA's biggest learnings have been since they opened their first store in India in 2018 in Hyderabad, she said, 'In Europe and in other countries, it's the third generation of people who are exposed to the brand. Here, if you've traveled abroad, then you're aware of the brand, yes, but otherwise, it is the first generation. Second, from the needs perspective as well, our needs are very different from those of the European homes. So some of the products get tailored for those particular requirements as well.' Some of the cook shop range, for instance, is focused on the Indian home requirements such as pressure cookers, she said. 'We have plans to increase local sourcing to a substantial number in the next few years. There will be a lot of tailoring to the Indian homes' requirements in terms of function, colour, taste, etc,' she concluded.
Time of India
30-04-2025
- Business
- Time of India
IKEA to roll out 10,000 sq ft compact stores for smaller cities across India in major retail strategy shift
File image Furniture giant IKEA is planning to roll out smaller, compact-format stores, marking a 'huge shift' in its strategy, to be more accessible for Indian customers. The company, currently in its second phase of growth in India, will be expanding across smaller cities in the country through a network of small-format stores developed according to the need to the specific locations and areas. These stores could be as small as 10,000 square feet, a stark contrast to its typical large-scale outlets, making them ideal for neighbourhood shopping malls and high street locations, IKEA India country expansion manager Pooja Grover told PTI. 'We are trying to integrate various aspects and offer different kinds of experiences across different formats... From a size point of view, this is a huge benefit for us in India as well, where we will be more accessible to many people," she said, adding "this size option opens up a lot of accessibility" for IKEA. The manager further added that Grover said smaller stores will allow the company to be more agile and establish a presence faster. IKEA is also in talks with real estate developers to support this new model, she added. So far, IKEA has three large-format stores in India — in Hyderabad, Mumbai, and Bengaluru — and a city store in Mumbai. Two more are on the way for Gurugram and Noida. The company also recently launched online sales in Delhi-NCR and nine other markets to support its expansion. Here are some features of the new smaller IKEA stores: These compact stores will feature a limited physical display but give customers access to IKEA's full catalogue of around 7,000 products through digital platforms. Customers will be able to order items for home delivery, pick them up at collection points, or use third-party services. Although the brand is currently focused on six key markets: Hyderabad, Bengaluru, Mumbai, Delhi NCR, Chennai, and Pune, it is also exploring tier II cities for future growth. Earlier, in 2013, the government of India had approved IKEA's FDI proposal of Rs 10,500 crore to open 10 stores over 10 years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo In addition, Ingka Centres, part of the Ingka Group that runs IKEA's retail business, is investing €1 billion to develop two retail destinations in Gurugram and Noida under its Lykli brand. IKEA opened its first Plan & Order Point in Bengaluru, a 740-square-metre space where customers can receive personalised consultations, home have three standard stores currently in the country, all of which are large size, they are 40,000 square metre plus stores and we have one city store in Mumbai, which is around 7,500 square metres, and now we have a range of optical design support, and installation services, or plan their spaces on a DIY basis. Meanwhile, IKEA India CEO Susanne Pulverer said earlier this year that the company is targeting profitable growth in the coming year and is in talks with the government to secure approvals for its next phase of foreign direct investment (FDI). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
