The IKEA R-city store was launched as one of many new-format small store.
| Photo Credit: AP
Swedish furnishings retailer IKEA on February 22 mentioned it’ll close down its store within the Mumbai R City Mall by the mid of this yr due to limitation of structure, design and site.
“Spread across 70,000 square feet, the store was opened in June 2022 and offers a limited selection of IKEA goods,” the assertion mentioned.
“IKEA has taken a strategic business decision to discontinue its IKEA R-city operations by mid this year and consolidate its Mumbai operations to IKEA Worli, IKEA Navi Mumbai and online presence,” it mentioned. The IKEA R-city store was launched as one of many new-format small store.
“We have not been able to provide customers the full IKEA experience due to limitation of the layout, design, and location,” it mentioned.
“However, Mumbai is a key market for the company in india and IKEA will continue to invest in the market to reach the many customers across the city and various other parts of Maharashtra,” the assertion mentioned.
“This strategic decision aligns with our goal to have a leaner and faster IKEA Retail business, maintaining our commitment to our vision, values, and culture,” it mentioned.
IKEA presently operates three big-format shops in India at Hyderabad, Navi Mumbai and Bengaluru, apart from two small shops in Mumbai. It additionally has plans to open shops in Delhi-NCR, and a buying centre in Gurugram.
On the folks working at IKEA R City Mall, the corporate mentioned: “We deeply value our co-workers, and it is our top priority to support them during this transition. All IKEA co-workers will be offered equal opportunities for their next assignments in Mumbai and our other Units, ensuring their seamless transition.” “Our hope is that they will continue their journey with us at IKEA,” it mentioned.
