Reportedly when IKEA unveiled its Indian store in hyderabad on Aug. 9, 2018, the southern Indian city gave it a roaring welcome. Meanwhile in the first week of its launch, the Swedish furniture giant saw an average of 28,000 visitors per day. On some days during the first week, there were two hour long queues just to enter the store, and a long winding traffic jams outside.
Furthermore it was so chaotic that the company almost dissuaded shoppers by sometimes using a live ticker showing the estimated waiting time to enter and a year on, 4 million shoppers have visited IKEA’s hyderabad store, according to the company. Furthermore enthused by the response, IKEA is now all geared up to launch in mumbai, delhi, and Bengaluru, having picked up a few lessons through its first year.
Moreover the store’s performance at hyderabad has been in line with our expectations and be it metrics like the number of visitors or conversions at the store in terms of visitors making a purchase, the numbers have been encouraging and as per our expectations and we are very much focused on the physical expansion of our stores in hyderabad, mumbai, and other markets. We will be in mumbai very soon. This will be followed by the launch of small-format stores in Bengaluru and delhi. Within the next two years, we will be present in the top four cities.
