Ikea open new store in Hyderabad, mid July
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Ikea India says it will launch its first store in Hyderabad in July.
This follows the Swedish furniture maker opening a “Hej Home” experience centre in the city in November to familiarize locals with brand.
Covering 400,000sqft in Hi-tech City, the debut store will have more than 7000 products on display, says Ikea Hyderabad store manager John Achillea.
It is six years since the company was given permission for single-brand retail, and a month ago it announced the appointment of Peter Betzel as its CEO for India. Betzel came in from Germany, its largest market, to look after what the company describes as “one of its most important growth markets”.
Previously Ikea has announced plans to open 25 stores by 2025. It has also bought land parcels in Bengaluru, Mumbai and New Delhi to build stores, with more land to be acquired in cities such as Ahmedabad, Chennai, Kolkata, Pune and Surat.
Questions & Answers
Q.When will Ikea open its first store in Hyderabad?
When will Ikea open its first store in Hyderabad?
Ikea India's debut store in Hyderabad is planned to open in July. The company previously opened a "Hej Home" experience centre in the city last November to introduce the brand to local customers.
Q.What is the size of the new Ikea store in Hyderabad and how many products will it display?
What is the size of the new Ikea store in Hyderabad and how many products will it display?
The new Ikea store in Hyderabad will cover 400,000 square feet in Hi-tech City. It is expected to display more than 7,000 different products for customers.
Q.Who is the new CEO for Ikea in India?
Who is the new CEO for Ikea in India?
Peter Betzel was appointed CEO for Ikea in India a month ago. He previously worked for Ikea in Germany, which is the company's largest market, before moving to India.
Q.Does Ikea plan to open more stores in India beyond Hyderabad?
Does Ikea plan to open more stores in India beyond Hyderabad?
Yes, Ikea has announced plans to open 25 stores across India by 2025. It has already acquired land in Bengaluru, Mumbai, and New Delhi, with further acquisitions planned in other cities.
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