Ikea betting big on localization to win Indian customers
As the part of the strategy the company is including local delicacies in its menu also scaling up its assembly service.June 13, 2018 | comments ( 0 ) |
Swedish furniture retailer Ikea is all set to open its first Indian store next month in Hyderabad. Though the store is yet to open, the company has already drafted its strategy to win over the competition and garner the customer base.
As the part of the strategy, Ikea is working towards localizing its offerings right from food menu to “do-it-yourself” (DIY) assembly furniture models.
As per the information available in public domain, the Hyderabad store would be spread across 400,000 sq.ft. In order to woo the shoppers the company is building its in-house assembly team and including local delicacies in its menu such as samosas. In fact, alike to many international restaurant chains in India, Ikea is also changing parts of its menu to suit local palates
Though Ikea is known for its DIY range but has the track record of overwhelming the shoppers by its seamless assembling service and installation job. However, Ikea’s assembly team would be slightly higher priced as compared to contemporaries..
As per the official statement, the company has visited more than 800 homes just to see how people live here. Though the Hyderabad store will have spacious room designs, its Mumbai store will pack a lot more product into a smaller space to reflect the city’s apartment sizes.
- Grofers' standalone loss narrows to Rs 258 crore in FY18
- Tablez eyes launching 20 exclusive Build-A-Bear stores in India
- Future Consumer signs MoU with T Choithrams & Sons
- Apparel brand Turms raises Rs 2 crore in fresh funding
- Luxury brand Shazé plans to launch up to 10 new stores in 2019
- Patanjali eyes opening 100 Paridhan stores in the next one year
- Puma hires boxing champion Mary Kom as brand ambassador
- Epic Group to make $20 million investment in India
- Simon Carter to launch 3 new Indian franchise stores
- Titan Eyeplus open 3 new stores in Coimbatore