Japan’s leading furniture and home-furnishing retailer, Nitori, will make its debut in India with the opening of its first store at Mumbai’s R City Mall in December 2024. Nitori has set an ambitious global target of 3,000 stores by 2032, aiming to achieve sales of approximately Rs 1.65 lakh crore within the same timeframe.

“Based on our mission statement ‘to enrich homes of people all over the world,’ we are aiming to be a company where customers all over the world would feel ‘glad that Nitori is here. We are going to accelerate our business expansion within the Asian region, which could achieve economic growth over the long term and serve as the core of the supply chain that supports the Group. With the support of everyone, we are able to bring Nitori products to customers in 11 countries/regions through our store in India, and we wish to support more customers,” said Akio Nitori, Representative Director and Chairperson (CEO), Nitori Holdings Co. Ltd.

The Nitori Group also operates several other business ventures, including Shimachu home improvement stores, Deco Home stores for home-furnishing essentials, and N Plus apparel stores for women. Currently, the group is focused on expanding its presence in Asia, with plans to open around 100 stores across the region by the end of FY25, bringing its total to 279 stores outside Japan.

“We are accelerating our store openings within the Asian region and managed to open the first store in the Philippines in April and in Indonesia in July. Now, we are opening a store in India, where economic growth is remarkable and demand for an enriched lifestyle with furniture and interior goods is on the rise,” said Masanori Takeda, Executive VP In Charge of Overseas Businesses at Nitori Holdings.

The store’s launch location, R City Mall, spans 1.2 million sq. ft. and features over 350 brands, drawing a monthly footfall of 8-10 lakh visitors.

“We are thrilled to welcome Nitori, the Japanese home furniture giant, to R City Mall as they embark on their journey in the Indian market. Nitori’s launch marks an exciting addition that will undoubtedly enhance our shoppers’ experience, and we look forward to the delight it will bring to our patrons,” said Sandeep Runwal, Managing Director, Runwal Realty, the parent company of R City Mall.

The Nitori Group currently operates 832 stores in Japan and 203 locations globally, totaling 1,035 stores. Last year alone, the brand welcomed 340 million visitors, with over 100 million shoppers, solidifying its status as Asia’s number one home-furnishing retailer.

Source: indianretailer.com