IKEA Retail celebrates 5 glorious years in India

Chennai, 29^thAugust 2023: IKEA, a Swedish residence furnishings retailer celebrates 5 years of retail operations in India. This is accentuated by one other exceptional international milestone as IKEA celebrates 80 years this yr. Since its humble beginnings in the small Swedish village of Almhult, it’s founder Ingvar Kamprad has created an unparalleled residence furnishings retail idea that has touched the lives of hundreds of thousands of individuals around the globe for the final 8 many years.

Ingka Group has been underlining a robust and continued dedication to the Indian market. In the final 5 years, it has contributed to the expansion of organized residence furnishings retail, rising native sourcing, investing in new markets, creating employment, and studying from the Indian society to be domestically related. With 5 bodily shops a web based presence in 6 cities, and investments from different entities like Ingka Centres, IKEA Foundation, Global Business Operations, Ingka Digital Hub, and IKEA Supply, the dedication is even stronger with a ONE IKEA method to create a much bigger impression.

IKEA locations sustainability excessive on its agenda together with Climate motion, Circularity, Equality, and Community engagement. The firm employs 3,000 coworkers at present in all its markets and the ambition is to develop to 10,000 coworkers in the approaching years with 50% gender range. In its shops, the corporate employs near 70% of coworkers from native neighborhoods. Local sourcing is a precedence to turn into much more reasonably priced with the ambition to achieve 50% in the approaching years.

To have fun this implausible milestone, IKEA India hosted a particular night in the presence of Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Government of Telangana, Susanne Pulverer, CEO and CSO of IKEA, and Christophe Adrien, Market Manager of IKEA Hyderabad.

On the event, Susanne Pulverer, CEO and Chief Sustainability Officer, of IKEA India,mentioned“What a implausible journey it has been for IKEA in India. India has given us a possibility to deeply perceive the varied wants and aspirations of the shoppers and we’ve got used these learnings to develop our choices to create a greater on a regular basis life at residence not solely in India however throughout the globe. As we enter the following section of our omnichannel enlargement in India, we lead by being extra reasonably priced, accessible, and sustainable for many individuals. All of this might not have been potential with out our passionate co-workers, prospects, and the authorities in making this journey a big one for us”.

Christophe Adrien, Market Manager, IKEA Hyderabad mentioned“The unbelievable journey of IKEA began from our first retailer in Hyderabad, a metropolis that has warmly embraced us with love and belief. Hyderabad houses are all about togetherness & love for the house. We are grateful to the Telangana authorities for his or her steady help that enabled us to create a constructive impression in the lives of the many individuals of Hyderabad. IKEA presence has not solely elevated life at residence however has additionally contributed to employment alternatives and native sourcing. Through initiatives targeted on sustainability and neighborhood engagement, IKEA Hyderabad has underlined its dedication to a greater on a regular basis life for the many individuals.

IKEA is legendary for its distinctive product vary and options to create higher houses. All IKEA merchandise meet the 5 important ideas of Good high quality, Value for cash, Good design, Functionality, and Sustainability. Around 95% of the 9500 merchandise is identical globally with domestically related presentation of options in the shops to attach with native life at residence conditions. Since 2015-16, IKEA has been visiting Indian houses constantly to raised perceive the wants and wishes of shoppers.

As IKEA has been saying again and again, it’s only the start and they’re right here in India for the following 100 years and extra. Good luck to them!