People walk in the parking lot of an Ikea store in the Brooklyn borough of New York, U.S. (Photographer: Michael Nagle/Bloomberg)

IKEA Postpones Opening Of Its First Indian Store To Aug. 9

Swedish furniture major IKEA has postponed the dates of opening its first store at Hyderabad by almost 20 days to Aug. 9 as its needs some more time to fulfil quality commitments.

The company was scheduled to open its first store in India next week on July 19.

According to the company, its main priority is to create an inspiring and safe experience for both customers and coworkers. "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 Retail India’s Chief Executive Officer Peter Betzel said in a statement.

Also read: Ikea May Open Smaller Format Stores In India 

IKEA’s Hyderabad store has come up with an investment of Rs 1,000 crore.

It will provide 1,000 direct and 1,500 indirect jobs at the store, and 50 percent of the employees would be women.