Professional Documents
Culture Documents
Ikea’s expansion process in India was proven to be difficult considering that it has been
decades ago since the Swedish flat-pack furniture giant first applied to venture into the Indian
furniture. However, it was not until 2013 that the company managed to finally get the
approval from the government to set up a shop in the country considering that there are laws
and regulations put in place to restrict foreign companies from entering the Indian market
which aim at protecting local shopkeepers (Bhundun, 2016). While the journey of
establishing its physical retail presence in the country has been challenging, there are some
significant trends and demographics changes occurring in India which would favour Ikea’s
expansion into the country. These trends and demographic changes include the emerging
middle class dominated by millennial-age, growth of Indian retail industry, increasing
digital’s influence on larger consumers’ spending, changes in governmental policies and
regulations, the promising growth of home furnishing market in the country, as well as the
shift in consumers; purchasing attitudes.
BBC News. (2016). India overhauls foreign ownership rules. Retrieved from
http://www.bbc.com/news/business-36575755
Das, G. (2014a). Factors affecting Indian shoppers’ attitude and purchase intention: an
empirical check. Journal of Retailing and Consumer Services, Vol. 21, pp. 561-569.
Das, G. (2014b). Linkages of retailer personality, perceived quality and purchase intention
with retailer loyalty: a study of Indian non-food retailing. Journal of Retailing and Consumer
Services, Vol. 21, pp. 407-414.
Ghosh, P., Tripathi, V. and Kumar, A. (2010). Customer expectations of store attributes: a
study of organized retail outlets in India. Journal of Retail & Leisure Property, Vol. 9, pp. 75-
87.
Goswami, P. and Mishra, M.S. (2009). Would Indian consumers move from kirana stores to
organized retailers when shopping for groceries?. Asia Pacific Journal of Marketing and
Logistics, Vol. 21 No. 1, pp. 127-143.
India Brand Equity Foundation. (2018). Retail Industry in India Report: March 2018. New
Delhi. Retrieved from https://www.ibef.org/industry/retail-india.aspx
International Alliance of Furnishing Publications (IAFP) (2015). Report: state of the Indian
furnitre & furnishings industry. Retrieved 4 April 2018, from
www.iafpalliance.com/item/state-of-the-indian-furnitrefurnishings-industry.html
Jain, N., Singhi, A., & Sanghi, K. (2017). The New Indian: The Many Facets of a Changing
Consumer. https://www.bcg.com. Retrieved 4 April 2018, from
https://www.bcg.com/publications/2017/marketing-sales-globalization-new-indian-changing-
consumer.aspx
Roy, S. (2011). An Overview of Retail Industry in India: Its Growth, Challenges and
Opportunities. SSRN. Retrieved from https://dx.doi.org/10.2139/ssrn.1750794