Page 3 - Ikea

IKEA India FY20 loss widens to Rs 720 cr; net sales up 64.7% at Rs 566 cr

Furniture retailer IKEA India saw its net loss widen to Rs 720.1 crore in the financial year ended March 2020

India will be among the top five markets for us: Ikea's Peter Betzel

In a Q&A, the CEO of the furniture retailer's Indian arm dwells on his firm's localisation efforts and long-term commitment to the country

IKEA to open Navi Mumbai store Friday; plans more investment in Maharashtra

The world's largest furniture retailer IKEA said it will open its second store in the country in Navi Mumbai on Friday and plans to invest around Rs 6,000 crore in Maharashtra over the next 10 years.

Ikea to launch its second physical store in India at Navi Mumbai on Dec 18

After first store in Hyderabad in 2018, firm took online route with e-stores in Mumbai, Hyderabad and Pune. Latest launch indicates it will pursue its big-box retail plans in India

Ikea to open second Indian store in Navi Mumbai on December 18

The over five lakh sq ft store would be the second store for Ikea in India after Hyderabad, where it had opened its first store in August 2018.

Swedish furniture giant IKEA to begin work on biggest outlet in Noida

The company has committed to completing the project by 2025.

A fine balance: Will an omni-channel strategy power IKEA's growth?

A modest target of 25 stores in 2016 has expanded to a strategy to make India one of the Swedish giant's top five markets in a decade

IKEA parent planning to expand footprint, set up shopping malls in India

The Swedish company has 45 such shopping centres across 15 countries, and, together, they have attracted over 450 million visitors.

Top headlines: Tata Sons rebuffs Interups' offer; IKEA to expand footprint

From Tata Sons rebuffs US-based fund Interups' offer to buy AirAsia stake to Syringe, vial makers ramping up capacity, here are top headlines this morning

Covid-19 impact: IKEA to adopt omni-channel approach for expansion in India

With the changing consumer behaviour due to the health crisis, online business will play a "very important role" for IKEA, which plans to expand in India with an omni-channel approach

IKEA Retail expands footprint, sets up global operations centre in India

The move will help to streamline, simplify, and standardise ways of working and operations, while diversifying the overall digital footprint, the company said

IKEA offers digital versions of old catalogues on its museum website

The early catalogues are comparatively utilitarian affairs; things don't get really interesting until the late 1960s and '70s

Ikea Hyderabad store to reopen from June 8 with strict safety measures

Aurelie Raimon, Hyderabad Store Manager at Ikea, said: 'As we reopen our store, health and safety of co-workers and customers are our topmost priority'

India may raise duties on $56 bn worth of imports from China, elsewhere

Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, jewellery and handicraft items

Big-box retailers turn to small stores amid soaring rentals, red tape

Ikea is not the only one moving away from large-format stores

IKEA to pay $46 mn to parents of 2 year old killed by dresser tip-over

The Dudek family will donate $1 million from the settlement to organizations that advocate for more rigorous stability testing for dressers, they said.

IKEA to spend 200 mn euros to cut carbon emission, turn 'climate positive'

In September Ingka Group, which owns most IKEA stores, pledged to exceed its 2020 target to produce as much renewable energy as the energy it consumes by the year's end

IKEA to take a year to roll out large and small-format stores in Mumbai

IKEA has already unveiled its online store in Mumbai this August, and is looking at smaller stores in South Mumbai, the eastern and western suburbs of the city

This Ikea campaign is ad veteran K V Sridhar's favourite: Know why

It is a campaign that makes you emotionally high, says Sridhar

Top 10 biz headlines: FDI reforms, Synergy Group eyes 49% Jet stake & more

From the govt easing FDI norms for single-brand retail, digital media, and manufacturing to Synergy Group planning to pick up 49% stake in Jet Airways, here are the top business headlines for Thursday