Japan’s largest furniture and home-furnishing retail chain Nitori is coming to India, a hoarding at one of the city’s premium malls revealed. Nitori’s first store will open at Runwal’s R City Mall in Ghatkopar.
The store will mark the Japanese furniture major’s entry into the country’s burgeoning home market, which is pegged at $22.92 billion in 2024, and expected to reach $38.38 billion by 2029, growing at a CAGR of 10.64% as per Mordor Intelligence.
Nitori is owned by Nitori Holdings Co., Ltd. based in Sapporo, northern Japan and sells a wide variety of home products from large items of furniture such as sofas, dining tables, kitchen cabinets and beds, to curtains, carpets, bedding, dishes and other interior goods. In Japan, it also offers home renovation services.
The India entry is part of the company’s aggressive expansion plans in Asia, a region it has identified for its next leg of growth.
The brand opened its first store in Thailand, Hong Kong, Korea and Vietnam last year. It opened its Philippines store in April this year and plans to open 50 stores in the country by 2032.
India features big in the Japanese retailer’s expansion plans as indicated in the release, a journey which will begin with its R City store.
