IKEA Small Store Formats in India By 2021

Furniture retailer IKEA will bring its planned small format stores to the city of Mumbai and accelerate its omni-channel strategy here in the county in FY21, as demand for home furniture and furnishings remains robust. “We look forward to a strong and positive FY 2021 with our new IKEA store and also smaller formats coming up in Mumbai and continue establishing a strong omnichannel presence in our markets. 2021 is also the year of sustainability for IKEA and we will continue to enable and inspire more people to live a more sustainable life at home," Peter Betzel, CEO and CSO, IKEA India said. Ikea, the world's largest furniture retailers, is scheduled to open a store in Navi Mumbai and add two small format stores in the city of Mumbai in 2021. “It has been a significant year for IKEA India. This time has reinforced our long-term commitment to India—we accelerated plans to meet customers in the new reality, supported our co-workers and customers during the crisis, took care of vulnerable communities, stayed agile and flexible. New services like Click & Collect, remote planning and home furnishing consultancy was launched in Hyderabad," Betzel said.