Ikea is taking longer than anticipated to get its first retailer in India prepared for purchasers.
The Swedish furnishings big has postponed the grand opening within the southern Indian metropolis of Hyderabad by nearly a month as a consequence of high quality issues, it mentioned on Friday.
“Ikea Retail India determined to maneuver the date because it wants some extra time to stay as much as its anticipated high quality commitments in the direction of clients and coworkers,” Ikea India CEO Peter Betzel mentioned in an announcement. “Our predominant precedence is to create an inspiring and protected expertise,” he added.
The corporate didn’t instantly elaborate on what must be achieved to get the shop prepared.
Ikea has been making an attempt to open its first retail outlet in India for a few years, and has been gearing up for the Hyderabad launch for weeks. The corporate despatched out formal invitations to the shop opening — initially scheduled for July 19 –— final week. The date has now been moved to August 9.
“Opening the primary Indian Ikea retailer in Hyderabad means quite a bit to Ikea and we wish to supply the very best assembly with Ikea for the numerous Indian clients,” Betzel mentioned.
Associated: Ikea was shut out of India for years. Now it is going huge.
The brand new retailer, unfold out throughout 400,000 sq. ft, is anticipated to draw 7 million guests a 12 months, retailer supervisor John Achillea informed CNNMoney final month.
It ought to mark the beginning of a giant push by Ikea into retail in India, the place it has already been sourcing supplies for its world operations for 3 many years. A current change in India’s international funding guidelines has allowed it to arrange shops within the nation for the primary time.
The corporate is already planning to open shops in Mumbai, Bangalore and New Delhi over the approaching years, and is concentrating on 25 places throughout the nation by 2025.
CNNMoney (New Delhi) First revealed July 13, 2018: 6:56 AM ET