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Europe’s largest mall ‘Ikea’ will open first store in India tomorrow: 5 quick facts

Swedish retail giant named ‘Ikea’ is all geared up to open as many as 25 stores by the year 2025. This will be the first time that Ikea is going to announce it’s arrival in India and it is all set to open its first store in Hyderabad tomorrow. Let’s take a glimpse at the five interesting facts about Ikea’s development in India.

#1. Ikea, the world’s biggest furniture retailer has already invested more than 1,000 crores to set its first foot in India. The 13-acre complex in Hitec City, located on the outskirts of Hyderabad, is constructed on an area of 400,000-square-foot and comprises over 7,500 products. It is likely to greet over 60 lakh visitors in a year and will be bringing inexpensive Nordic-inspired trending design furnishings and food to India.

Credits: Bloomberg

#2. In a bid to increase the sales growth in a competitive world (where Amazon.com Inc. and made.com are more in demand), Ikea decided to place its first foot in India. Ikea believes that this move will certainly help them garner good sales in the years to come.

#3. The Ikea store in Hyderabad will be the first of the 25 outlets the Swedish retail giant plans to open by 2025 across India. It is learnt that the company has been doing extensive research on the Indian market and formulating a plan for over a decade. After Hyderabad, Mumbai is expected to be the next city to welcome Ikea in early 2019 followed by the stores in Bengaluru and Delhi. Chennai, Kolkata, Ahmedabad, Surat and Pune are expected to follow next on the list.

#4. Ikea has collaborated with UrbanClap and recruited over 150 staff members to offer paid delivery and assembly options to ensure its model of self-assembling furniture doesn’t ruin its reputation in the Indian market.

#5. Ikea’s Hyderabad complex will flaunt retail giant’s largest restaurant comprising a 1,000 seater and with plenty of options to choose from its menu. The cost of the food served has also been planned to provide food for the middle-class, which is the main objective of Ikea.

Let’s hope that Ikea comes through with flying colours in India.

Written by Chaithanya G

Hailing from Chennai, Chaithanya G is the Managing Director of TheYouth. He has dedicated his whole life to reading and writing.

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