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IKEA INDIA LTD.
Free trade pacts to boost furniture exports, domestic manufacturing: IndustryIndia's furniture sector is set for a major boost. New free trade agreements will open up export markets and encourage investment. Domestic...- Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...
- IKEA sets up India development centre in push beyond sourcingIKEA has launched a new product development center in India. This positions India as a key hub for designing home furnishings for both loca...
- Samhi Hotels signs agreement with Ingka Centres for 162-room upscale hotel in NoidaIn an exciting development for Noida, SAMHI Hotels will be leasing a chic 162-room hotel as part of Ingka Centres' innovative project. This...
- IKEA aims to be profitable by FY28; to open 25 small & medium stores in next 4-5 yearsSwedish furniture giant IKEA is set to become profitable in India by FY'28. The company plans to open 25 new stores across the country in t...
- Ikea India sales grows 6% YoY to Rs 1,860 crore, eyes profitability in 2 yearsIkea India reported 6% YoY sales growth to Rs 1,860.8 crore in FY25 and 12% EBITDA growth, targeting profitability within two years amid ex...
- Ikea eyes India as key sourcing hub amid global trade shiftsGlobal trade tensions have accelerated companies' efforts to diversify supply chains, and India is becoming central to Ikea’s sourcing stra...
- IKEA India readies fresh investment for India, eyes Chennai and Pune for large-format storesIkea, having exhausted its initial Rs 10,500 crore investment in India, plans to announce a new phase of investment soon. The company is co...
- Patrik Antoni to be new CEO of IKEA India as Susanne Pulverer resignsAntoni will lead the company's growth plans in India, in this new structure, where the CEO will take the responsibility for retail operatio...
- IKEA to set up compact stores for expansion in smaller citiesIKEA is shifting its India strategy by introducing compact stores in smaller cities to enhance accessibility. These stores, as small as 10,...
- Ikea India aims for operational profitability in couple of years, says CEO Susanne PulvererIkea India expects to achieve operational profitability within a couple of years. The company focuses on stabilisation, affordability, and ...
- Ikea India's losses swell, sales growth falls to 6-year lowIkea's India sales have grown by 5% in FY24, marking its slowest expansion since entering the market six years ago. The net loss widened by...
- Ikea looks at next round of investment in India after fulfilling Rs 10,500-cr promiseIKEA is planning the next round of investment in India to expand its presence, increase sourcing, and further build its volume. The company...
- Ikea India records net loss of Rs 902 crore in FY22; sales up by 77 per centHome furnishings retailer Ikea's Indian unit recorded a net loss of Rs 902.8 crore in FY22. The net loss widened this year as compared to R...
- Cancel long drives for Ikea as it plans reaching the neighborhood to connect to peopleIkea plans to open small city outlets along with its mega format stores in India supported by online channel, as the Swedish furniture reta...
- IKEA India opens its first Bengaluru Store at Nagasandra, BengaluruSpread over 12.2 acres, the 460,000sq ft IKEA Nagasandra store will feature over 7,000 affordable, good quality, sustainable and well-desig...
- Ikea to open its second Indian store in Navi Mumbai on December 18“We are very excited, as Mumbai is one of our priority markets in India. We have been present online in Mumbai since early 2019 and soon th...
- Increasing local sourcing; in dialogue with stakeholders for collaboration: IKEA India CEO"Our ambition is to increase sourcing from India in our aim to make a positive impact on the economy and society not just in retail, but al...
- India is going to be about less planning, more learning: Peter Betzel, CEO, Ikea IndiaWe have big plans for India. Telangana is one of our first identified priority markets, besides Delhi NCR, Maharashtra and Karnataka, Betze...
- Exploring other cities like Delhi, Bangalore to open new stores: Juvencio Maeztu, CEO, IKEA IndiaIKEA India is exploring many other cities of India, CEO of the company, Juvencio Maeztu told ET Now.
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