Ikea

The documents state that the lease is valid for 59 months, located on the ground floor of the property. IKEA will also pay an enhanced lease rent of Rs 42.70 lakh per month from the 37th month of the lease

Furniture giant IKEA assembles small town strategy to double B2B business by 2028

IKEA doesn’t plan to set up stores in every city right away. Instead, it is placing key account managers in these markets to work closely with builders, architects, and customers, ensuring the brand stays visible and relevant well before a physical store comes up.

Ikea looks to deepen sourcing from India, eyes global export push

India is already one of Ikea’s top 10 global sourcing markets, a position built over nearly five decades of purchasing from the region.

IKEA aims for 'one click, 30 minutes away' format as it explores new India-centric expansion model

On battling the consumption slowdown, Sharma told IE that wide range of products at every possible price point helps in better reach.

Retailers bet big on small stores to battle e-comm, q-comm surge

Smaller box stores — those under 15,000 square feet — are growing at double-digit rates, while larger outlets (over 15,000 square feet) are declining.

E-commerce sales in India growing in double digits despite consumption slowdown, says IKEA exec

The company has launched e-commerce services in Delhi NCR and nine adjacent markets, marking its foray into north India. It was previously present in 60 cities across south India.

World Street | Microsoft probe, Unusual Machines shares soar, Ikea profits dive, and more

From the FTC's antitrust probe into Microsoft to Unusual Machines' stock surge following Trump Jr.'s board appointment, here's a look at some of the major developments from across the world.

IKEA rolls out 365-day return policy, aims to provide customers with more flexibility

The returned goods will be reintroduced in IKEA’s inventory and sold at discounted rates through its "As Is" section, which offers slightly used, discontinued or ex-showroom items

Yogi Adityanath virtually lays foundation stone for IKEA store in Noida

Ambassador of Sweden to India Jan Thesleff, UP's Industry minister Nand Gopal Gupta, UP's MSME minister Rakesh Sachan, Chief Secretary Manoj Singh and CEO of IKEA India Susanne Pulverer were present on this occasion, the statement said

IKEA achieves all-EV deliveries in Bangalore, Hyderabad, and Pune; Mumbai next

Mumbai is the next city on IKEA’s list to receive EV-powered deliveries, with the company planning to extend this green initiative to all future markets.

Infosys to provide IT services to Ikea in $100 million deal: Report

Infosys will provide enterprise service management based on ServiceNow, IT services management, and a service desk for 170,000 workers and 260,000 devices in 19 languages during the course of the five-year deal, the report said.

IKEA India gets closer to Delhi-NCR, partners with Rhenus to set up warehouse near Gurugram

The warehouse facility that measures 1.5 lakh square foot, will come up in Farrukhnagar near Gurugram.

Couple gets stuck inside IKEA during Dubai flood, given food and bed by staffers. Viral video

A couple got stuck inside an IKEA outlet in Dubai and were offered food and bed by staffers and in an Instagram video, the couple's daughter shared the experience and thanked IKEA for taking care of her parents.

Ikea's Ambitious 2030 Plan: First Delhi store in the next 1.5 years, online expansion, and omni-channel strategy

Instead of the traditional route of opening a physical store first, IKEA plans to launch its online platform first in the national capital, with an aim to cater to the diverse needs of Indian consumers.

IKEA to close its store at Mumbai R City Mall by mid-2024

Spread across 70,000 square feet, the store was opened in June 2022 and offers a limited selection of IKEA goods, the statement said.

Ikea looks at next round of investment in India after fulfilling Rs 10,500-crore promise

"This first investment that we committed is booked with the projects in NCR. So with that, we have exhausted the Rs 10,500 crore and we are looking at the next level of investment to further build IKEA presence in India, to expand volumes and increase sourcing. So that is in the plan making and we will announce more when we are ready. The plans are being formulated, and we will make announcements when ready," Pulverer told PTI.

Ikea to reduce 20% prices on its products - Juvencio Maeztu | Davos 2024

Ikea is focusing on deepening its presence in Indian metro cities such as Bangalore & Mumbai. He shares his insights on how Ikea plans to reduce its product prices by up to 20% in India. At WEF, Juvencio Maeztu speaks to Moneycontrol’s Chandra Srikanth on investments in Ikea, their plan for store expansions, and why their product base is unique. For more information watch this video.

Davos 2024: IKEA plans 20% price cut in India, says Deputy CEO Juvencio Maeztu

Juvencio Maeztu, Deputy CEO of Ingka Group, the company that runs IKEA, said that the home furnishing brand will be expanding its store count and enhancing its online footprint in India.

Sleep is top priority for 33% Indians, home holds the hearts of 50%: IKEA report

The love from pets contributes to the feeling of security, with 27% of pet owners attesting to this.

Bengaluru woman sues IKEA over Rs 20 carry bag, wins Rs 3,000 relief: report

Retail outlets cannot charge for carry bags bearing the company logo.

IKEA enhances access with footbridge linking store to Nagasandra Metro in Bengaluru

Around one-third of IKEA Nagasandra visitors use the Metro for their commute, and the new foot-over bridge is expected to improve connectivity between Nagasandra Metro station and the store.

IKEA plans to double its business and sourcing in India

India is a land of limitless opportunities for IKEA, a market where it is betting on doubling its business each year. In an exclusive conversation Juvencio Maeztu, Deputy CEO and CFO at Ingka Group and IKEA, confessed to have a deep emotional connection with India, said IKEA has a whole menu of growth opportunities listed down, from growing its retail presence to doubling down on sourcing and making India a digital hub for the world. IKEA has been in the retail space in India for the past five years, and is now thinking of the next 100 and how big it should be. Maeztu said, "IKEA loves India, and Indian consumers love IKEA."

IKEA plans to double its business and sourcing in India: Deputy CEO and CFO Juvencio Maeztu

In an exclusive conversation with CNBC-TV18, Juvencio Maeztu, Deputy CEO and CFO at Ingka Group and IKEA, who confessed to having a deep emotional connection with India, said IKEA has a whole menu of growth opportunities listed down.

Good time to look at furniture stocks, feels this South-based money manager

Balaji Vaidyanath, Director and CEO of Chennai-based NAFA Asset Managers, is betting on the rapid shrinking of home renovation cycles, and the growing acceptance of lighter furniture as households move away from plywood towards MDF.

Stolen Van Gogh painting, worth over Rs 53 crore, returned in IKEA bag

More than three years after it was stolen from a Netherlands museum that was shut to prevent the spread of the coronavirus, a painting by Dutch master Vincent van Gogh has been recovered.