IKEA’s 1st India store ‘Hej HOME’ to be opened in Hyderabad on July 19, to go online next year
July 19 be a remarkable day for IKEA, the world’s largest and biggest furniture retailer into India, with its first store being formally lauched in Hyderabad, the capital of Telangana, the newest State of India.
Fortuitously, the store has seen a grand investment of Rs 1,000 crore. It will have 1,000 workers, and has been designed and outlined after groups went to 1,000 Indian homes crosswise over urban communities to survey and study peoples’ choices and needs and house the biggest restaurant in IKEA’s worldwide chain with a 1,000 seater.
The much-awaited store has taken the Swedish major’s at least four years of efforts, with around 1,000 days into land acquisition, design and construction, product sourcing and recruitment to get everything up and going. The staff will be gender equal with 50 per cent of the 1,000 strong employees across all departments being women, Peter Betzel, the new India CEO, said.
The organization will source up to 20 percent of the products will be sourced from local manufacturers. It will offer an extensive variety of 7,500 products, a few of them made to ordinary Indian needs together by groups here and back home in Sweden, Betzel disclosed to a group of journalists at the store today.
Communicating that IKEA’s voyage so far has been fulfilling in the nation, the CEO felt more defense of administrative structure and work laws crosswise over states was important to urge retailers to quicken development. He said the development design was set up with the following store to come up in Mumbai right on time one year from now.
In addition to boasting of the largest restaurant, the Hyderabad store will for the first time offer a home delivery-cum-help in assembly of select products. It has tied up with logistics major GATI and about 150 staff will drive the service, John Achillea, MD of the store who has been shaping up things for the past two years, said.
Dwindle Betzel said IKEA will offer options for online shopping and open up multichannel transactions from the launch of Mumbai store operations.
“Our accentuation will be on experiential shopping at stores to a progress to online later on. The requirement for web based shopping is developing in home decorations. In a few nations, it is between 6-10 for every penny of the offer of the aggregate deals at exhibit. It is offered in twelve nations.”
Going ahead, IKEA is focusing on 49 vast urban cities across india for setting up huge arrangement stores. It is likewise investigating littler stores, expanding nearby sourcing to 50 for each penny and getting innovation, he said.
The Swedish furniture giant has the ambitiona nd goals to open 25 stores with a massive investment of around Rs 1,000 crore for each store in next 10 years.