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Ikea India shuts its Mumbai City store, might open another in Pune

Furniture retailer Ikea India on Thursday said it will shut down its store in Mumbai s R City Mall by the middle of this year and explore omnichannel formats in the city. The store at R City Mall, which is spread across 72,000 sq ft, opened in June 2022 to test the viability of small-format stores. The company s plan to shut down the store illustrates the concerns surrounding the viability of running a small-format store, given the rising rentals.

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IKEA to close its store at Mumbai R City Mall by mid-2024, Retail News, ET Retail

"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 said.

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Ikea Plans to Open Store In Pune: Here s All You Need To Know

Ikea Plans to Open Store In Pune: Here s All You Need To Know
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

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Ikea India to discontinue operations of store in R-City Mumbai by mid-2024

Ikea India to discontinue operations of store in R-City Mumbai by mid-2024
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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In first such closure, Ikea to shut Mumbai R-City Mall store by July

In first such closure, Ikea to shut Mumbai R-City Mall store by July
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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