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SHANGHAI IKEA
ET@Davos: Long-term commitment key to doing business in India, says Ingka Group CEO Juvencio MaeztuIngka Group's new CEO, Juvencio Maeztu, prioritizes resilient growth and simplification, aiming to insulate the furniture giant from global...
In China, global companies struggle as home-grown brands steal thunderGlobal giants are grappling with the complexities of the Chinese market. Economic downturns and tepid consumer spending are compelling bran...
What are Covid policies in China and how have they changed?Reports say the Chinese government has eased the strict lockdown measures irrespective of the increase in the number of COVID-19 virus-infe...
China's zero Covid policy: What is it actually? Read to knowProtests have erupted across China in response to the government's stringent restrictions to control the spread of coronavirus.
Weaker demand for goods from Asia marks end of shipping bonanzaIn what’s typically the peak season for seaborne trade, global demand for Chinese goods is waning instead as consumers cut back spending be...
For many weary Chinese, lockdown dread trumps fear of COVIDMany people in China say they are weary and frustrated that China is sticking with draconian methods to stop the spread of COVID-19, pointi...
Chinese city of 16 million to shut down over new Covid outbreakChina is the last major economy wedded to a zero-Covid policy, stamping out virus flare-ups with snap shutdowns, mass testing and lengthy q...
Panic at Ikea store in China as shoppers rush out after sudden Covid lockdown announcementShoppers in an Ikea Store rushed towards the exit doors almost mauling security guards in panic after it was suddenly declared that a Covid...
IKEA leases 1 lakh sq ft at R City Mall in Mumbai’s Ghatkopar for city-center storeIKEA is known for its massive stores. However, the company is approaching Mumbai, the country’s most expensive realty market, with a differ...
Swedish retailer IKEA to launch India's first City Store in MumbaiIKEA's new store in Kamala Mills is designed for smaller spaces, measuring in at around 50,000 - 1,00,000 sq ft, as opposed to the the trad...
Ikea starts selling its products online to customers in GujaratWith the e-commerce expansion to Gujarat, Ikea is currently servicing six cities in India including Hyderabad, Mumbai and Pune.
Change in Strategy: Ikea to open more smaller stores; focus on omni-channel in IndiaThis is a departure from Ikea’s original 2013 India plans when the government cleared the Swedish retailer’s application to invest Rs 10,50...
Swedish furniture giant IKEA Retail sets up global operations centre in IndiaThe move will help to streamline, simplify, and standardise ways of working and operations, while diversifying the overall digital footprin...
Ikea bets on small stores to go digital“This is for the first time that we are experimenting with smaller format stores,” said Peter Betzel, CEO for Ikea India.
Sensex ends flat after choppy trade, Nifty hits fresh lifetime highBSE Sensex ended the session 16 points or 0.05 per cent lower at 31,617.58.
Ten stocks in focus on Monday, 9 January 20178K Miles Software will announce its financial results for the quarter ended December 31, 2016 on Monday.
Starbucks chicken products off shelves in ChinaLaw enforcement officials have suspended production at a suburban plant of Shanghai Husi Food Co., and further investigation is underway, t...
Japanese retail giant Uniglo ready to set up 1000 stores in IndiaUniqlo will open up to 1,000 stores in India in the coming years to tap into the growing consumption story and announced a strategy to sour...
How IKEA uses social media to emerge a marketing successWith 345 operational stores across the world (as of year 2013), IKEA's digital marketing strategy remains almost uniform.
- Sweden's Ikea pitches to enter India
Swedish home furniture giant Ikea pitched on Monday for fast-growing India to open up its huge retail market to foreigners and said it plan...