Swedish furniture retailer IKEA has recently announced that they are interested in developing its Ingka Centers in India as part of its global expansion strategy. Ingka Centres is a division of Ingka Group which owns most IKEA stores worldwide. Ingka Centres owns 45 shopping centres in China, Europe, and Russia and hosts 480 million visitors each year. These are large shopping centres with IKEA stores as anchor stores. Overseas, some of these centres have over 200 shops including large hypermarkets stores such as Carrefour, apart from fashion brands such as H&M and food stores. In India, the retailer has one store in Hyderabad. It also opened up online sales in Pune ahead of a store in the city. The retailer is set to open a store in Navi Mumbai; two small format stores in Mumbai will open in 2021. IKEA’s move to set up shopping centres is a new business opportunity for the signage companies whose activities involve in in-store branding and such tasks.
IKEA keen to set up shopping centres in India
