Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Ikea postpones India grand opening

Listen to the article now

India Ikea customers will have to wait

Swedish furniture manufacturer Ikea announced on Friday that it will suspend the opening of its first location in India following quality concerns.

Ikea has been planning the launch of its new store in Hyderabad, India for years. It initially announced that the store would open July 19, but they sent out a notice on Friday that it will instead open on August 9.

The store is highly anticipated and expects to bring in 7 million visitors annually, according to CNN. The company also plans on building stores in Mumbai, Bangalore, and New Delhi over the next few years.

CEO Peter Betzel had this to say about the postponement:

Ikea Retail India decided to move the date as it needs some more time to live up to its expected quality commitments towards customers and coworkers. Our main priority is to create an inspiring and safe experience.

Neither he nor other Ikea spokesmen gave any details about the quality concerns or what the company needs to do to alleviate those problems, but Betzel emphasizes that they want the store to be perfect for customers and their experience before the opening. He adds,

Opening the first Indian Ikea store in Hyderabad means a lot to Ikea and we want to offer the best possible meeting with Ikea for the many Indian customers.

Ikea has always been a company that focuses on customer experience, which has ultimately led to the success of the company. Thus, this suspension is not surprising for the furniture giant; in the end, it will likely not lead to the loss of many customers.

Featured image via Flickr/Hakan Dalstrom


Comment Template

You May Also Like

Economy

India's retail inflation dropped to a 4-month low of **5.22% in December 2024**, easing pressures on household budgets and signaling economic stability. Key drivers...

Business

Retail investors were buyers during the recent rollercoaster in U.S. stock markets, taking advantage of a sharp decline in popular tech shares, according to...

Business

Indian baby items store FirstCry raised $501 million after a slow start. The IPO raised $3.36 billion on Thursday as investors bet on infant...

Business

On Friday, Renault-backed premium EV company BeyonCa and Dongfeng Motor announced plans to build Hong Kong’s first vehicle brand’s final assembly factory and worldwide...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok