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IKEA PROFITABILITY AMBITION
IKEA India plans to double investment to over Rs 21,000 cr by 2030; targets Rs 8,000 cr turnoverSwedish retailer IKEA plans to invest over Rs 21,000 crore in India by 2030. This significant investment will accelerate store expansion an...
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 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...
Why a global ‘Made in India’ brand on the lines of Apple or Prada remains elusive, and how to fix itWe do have strong names within India - Amul in dairy, Haldiram's in snacks, Titan in watches, and Asian Paints in home interiors. But these...
Ikea's India sales rise 61% in FY23, but losses widen to over ₹1,134 crIkea incurred a net loss of more than ₹3 crore every day on average in India in the last financial year, reflecting large-scale investments...
Ikea Hyderabad store, its first outlet in India, to breakeven soon, says CEOSpeaking to media, Ikea India CEO Susanne Pulverer said the firm is exploring different formats of stores in terms of size, to penetrate th...
War, AI and climate change shake up $32 trillion in global tradeA transformation in world trade today is being led various unrelated factors including Artificial Intelligence, the Ukraine-Russia war, and...
World Sleep Day: The sleep industry is waking upThe size of the global sleep economy was pegged at $432 billion three years ago by a trendy American mattress startup Casper when it went p...
Retail industry: Consolidation wave likely to continue in 2023 amid Covid cloudsThe wave of consolidation is likely to hit the shores of the country's fast-growing retail industry next year also as larger players seek t...
View: Even Rs 5 biscuits are now too pricey for Indian workersTrouble is, the distribution of the Indian economic pie is more lopsided than the numbers suggest.
This is what kept our celebrities awake in 2016From the suicide of Rohith Vemula in Hyderabad to the disappearance of Najeeb Ahmed at JNU, the young are a worried lot.
Denmark's Tiger grows by mirroring Ikea's affordable kitschTiger entered New York in May, and the discount homeware chain is focusing expansion on North America and Asia-Pacific after adding 124 sto...
- Japanese giant Uniqlo set to partner Arvind in India JV
$10-billion Japanese fashion retailer Uniqlo is set to partner Arvind to build a $1-billion business in India.
What makes India a much bigger market for Japan Inc?A strong yen that hurts exports, an ageing population and saturation presence in China are all combining to make India a serious play for J...