Swedish furniture retailer IKEA, which is expanding in India through an omni-channel approach, expects its operation in the country to be profitable by the end of FY’28 and plans to add 25 new small and medium format stores in the next four to five years, a top company official said. This will be done by growing topline, opening more stores, reducing the size of fixed costs, and operating more efficiently, in addition to increasing local sourcing, IKEA India CEO Patrik Antoni told PTI. Such vibrancy in the retail sector with the gradual unveiling of new flagship stores of big brands like IKEA is an added business opportunity for the signage companies engaging in in-store graphics, retail-store solutions, POSM, etc.
