Swedish furniture behemoth IKEA is going aggressive on its retail roll-out with the company announcing that it will soon start work on its second store slated to come up in Maharashtra. Company officials also said it would launch its first distribution centre in Pune, besides doubling sourcing from the current 318 million euros to 600 million euros. Last year, IKEA had acquired a 23-acre land parcel in Turbhe, Navi Mumbai, for its second store from the Tata-owned Rallis India for approximately Rs. 214 crore. IKEA is also in the process of scaling up its online business in many countries, including India. IKEA said it was also scouting for property in Mumbai to launch Hej Homes, which may also act as its omni-channel retail format. Big retail players opening high-end stores in the country means the emergence of big business opportunity for the signage companies whose activities involve in in-shop displays, designs and such jobs.
IKEA’s second Mumbai store to roll out in May
