ENA Economy 2025-11-28 14:40:55 <p><span style="font-size:14px"><strong>New Delhi, Nov 28 (KNN)</strong> Swedish home furnishing major IKEA is accelerating its India expansion with plans to open four to five stores every year, a sharp rise compared to the six outlets launched in its first seven years of operations.</span></p> <p><span style="font-size:14px">CEO Patrik Antoni said IKEA has strengthened its product range, customised offerings for Indian consumers, and built a strong logistics base in major cities. These steps have enabled the company to keep prices competitive and serve targeted customer segments more effectively.</span></p> <p><span style="font-size:14px">IKEAs sourcing operations in India remain significantly larger than its retail business, but the company sees strong long-term potential driven by Indias young population and rapid urban migration into metros.</span></p> <p><span style="font-size:14px">We now have a solid base to take the leap forward, Antoni said, adding that the retailer will expand through a mix of owned and leased stores, with leasing enabling faster rollouts, reported TOI. </span></p> <p><span style="font-size:14px">The upcoming expansion will focus on six metros, Mumbai, Delhi-NCR, Pune, Chennai, Bengaluru, and Hyderabad, where IKEA already has established distribution infrastructure.</span></p> <p><span style="font-size:14px">Antoni said the brand does not plan hyper-fast deliveries, noting that furniture purchases rarely demand such speed, though shorter delivery windows may be tested.</span></p> <p><span style="font-size:14px">IKEAs online channel now contributes over 25 percent of its India revenue, but the company aims to strengthen its omni-channel approach. Antoni said that online sales in a region tend to rise when a store is opened there.</span></p> <p><span style="font-size:14px">The retailer competes with Godrej Interio, Urban Ladder, and Pepperfry in India, where several home-furnishing startups have consolidated through acquisitions in recent years.</span></p> <p><span style="font-size:14px">IKEAs expansion is expected to boost opportunities for MSMEs in sourcing, logistics, installation, and packaging, enabling small businesses to benefit from higher orders and stronger integration into its supply chain. </span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 44231 https://knnindia.co.in/news/newsdetails/economy/ikea-bullish-on-indian-market-to-open-4-5-stores-annually 2025-11-28 14:40:55 knnindia.co.in