India is a digital-savvy market

Ikea India expects its sales in North India to grow at an above-normal pace over the next two years, driven by strong demand for home decoration and kitchen products. Bhavana Jaiswal, country e-commerce manager, and Jasmeet Sood, country home furnishing & retail design manager, discuss the company’s strategy, upcoming stores, and market outlook with Raghav Aggarwal. Excerpts:

Why did Ikea choose an online-first approach in India?

India is a highly digital-savvy market. Customers here are used to shopping online, so it made sense for us to launch e-commerce first. Stores will come, and we are committed to an omnichannel approach, but this helps familiarise customers with our range and builds loyalty early. It also allows us to understand local preferences and tailor our physical stores accordingly.

ALSO READIT, IT-enabled services salary growth to slow; GCCs see higher increments: EY What kind of sales volumes do you expect from North India?

Delhi-NCR is India’s largest home furnishing market and a critical region for us. While it’s difficult to put an exact figure on it, we expect above-normal and exponential growth in sales over the next two years.

Would you consider selling through platforms like Amazon or Flipkart?

Not at this stage. Ikea focuses on offering home furnishing solutions, not just standalone products. Our stores showcase complete room setups, and we replicate that online. Many of our products are designed as systems — storage solutions, for example, come with accessories tailored to fit perfectly. That level of integration is hard to achieve in a marketplace.

With faster deliveries becoming the norm, how is Ikea adapting?

We follow a ‘never say never’ approach. Initially, delivery from Pune to Bengaluru took 7–8 days. Now, it’s down to two days in Bengaluru and Mumbai, and in Delhi, we’re working towards next-day delivery. We’re achieving this by using retail stores as fulfillment centers and optimising our logistics network. Traditionally, furniture deliveries take two weeks due to storage challenges, but our flat-packed products enable faster dispatch.

Has your approach to store sizes changed?

Yes, we are adopting multiple formats. A typical Ikea store is about 30,000 sq meters, but now we have compact formats. Smaller stores (around 1,000 sq meters) allow us to be closer to customers, and studios (as small as 500 sq meters) cater to specialised needs like kitchen and wardrobe design by appointment.

 » Read More

Related Articles

UltraTech’s cable entry Vs Birla’s paint foray: 3 key differences are…

Ultratech Cement, a major player in the cement industry, has recently announced its foray into the wires and cables sector. This also marks a significant shift for the cement manufacturer. According to brokerage firm Nomura, the company has made an investment of Rs 1,800 crore ($210 million) over the next two years, with its first

Market mayhem: Sensex, Nifty down over 1%, top losers are…

The last day of February not very encouraging for the stock market. The benchmark indices opened sharply lower, with both Sensex and Nifty seeing a steep decline. The Sensex slipped below 73,700, down nearly1000 points while the Nifty fell below 22,300, down 1.24%. The downturn is largely attributed to weak global cues, continued Foreign Institutional

Nifty slides to 9-month lows; 4 reasons why the market is falling today

It’s a sea of red for the markets this morning. The weak global cues weighed on investor sentiment and the Nifty and Sensex are down sharply in early trade. What’s particularly important is that the Nifty is now trading close to the key 22,300 mark. Most analysts have identified this as the primary support zone

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

UltraTech’s cable entry Vs Birla’s paint foray: 3 key differences are…

Ultratech Cement, a major player in the cement industry, has recently announced its foray into the wires and cables sector. This also marks a significant shift for the cement manufacturer. According to brokerage firm Nomura, the company has made an investment of Rs 1,800 crore ($210 million) over the next two years, with its first

Market mayhem: Sensex, Nifty down over 1%, top losers are…

The last day of February not very encouraging for the stock market. The benchmark indices opened sharply lower, with both Sensex and Nifty seeing a steep decline. The Sensex slipped below 73,700, down nearly1000 points while the Nifty fell below 22,300, down 1.24%. The downturn is largely attributed to weak global cues, continued Foreign Institutional

Nifty slides to 9-month lows; 4 reasons why the market is falling today

It’s a sea of red for the markets this morning. The weak global cues weighed on investor sentiment and the Nifty and Sensex are down sharply in early trade. What’s particularly important is that the Nifty is now trading close to the key 22,300 mark. Most analysts have identified this as the primary support zone

What’s the next stop for the Nifty? Analysts say watch out for…

The GIFT Nifty signals a muted start for the Indian markets on the back of weak global cues. Asian markets are under pressure on negative US cues and as US President Donald Trump confirmed proceeding with tariffs from next week. Economic data too has been a point of concern and will weigh on investor sentiment.

Tuhin Kanta Pandey new SEBI Chairman; HDFC AMC CEO says he is the right choice because…

Tuhin Kanta Pandey, the Finance and Revenue Secretary, has been appointed as the new chairman of the Securities and Exchange Board of India (SEBI). His tenure will span three years, succeeding Madhabi Puri Buch, whose term concludes on February 28. This decision was confirmed by the Appointments Committee of the Cabinet on Thursday. A seasoned