Archive · 14 Sep 2025
Ikea India to Shift Focus to Small City Stores
Ikea, the furniture store, is changing how it does business in India.
Instead of big stores, they're opening smaller ones in cities.
They already have some big and small stores, but now they plan to add more small ones.
This is because more people shop online, and it's hard to find big spaces in cities.
They also plan to invest more in quick deliveries and making products in India.
Ikea hopes that a new trade agreement with Europe will help lower prices and make it easier to export goods.
Ikea India plans to open 3-4 small city stores in the next 10 months.
This shift is part of a move away from large-format stores.
The company is investing in distribution and product development.
Ikea's revenue increased, but losses widened in FY24.
They are awaiting a free trade agreement with the EU which could lower tariffs.
- Who
- Ikea India
- What
- Is shifting its focus to small city stores and expanding in India.
- When
- Over the next 10 months.
- Where
- India
- Why
- To adapt to evolving retail market trends.
- CEO
- Patrik Antoni
- Existing Stores
- 3 large, 2 small
- New Stores (Next 10 Months)
- 3-4 small city stores
- FY24 Revenue
- ₹1,809.8 crore
- FY24 Losses
- ₹1,299.4 crore