Ikea to shut down store at Mumbai’s R City mall by mid-2024
10 months ago

Ikea to shut down store at Mumbai’s R City mall by mid-2024

Live Mint  

New Delhi: Furniture retailer Ikea is set to discontinue operations at its store in Mumbai’s R City mall by the middle of the year and consolidate its Mumbai operations at the Worli store, citing concerns around the viability of its small-format store. The Navi Mumbai store is spread across 5 lakh sq ft. “Ikea R City was launched as one of the new-format small stores two years ago. "The focus on growing Mumbai remains robust as we explore newer omni-channel formats for the city, further develop the existing Ikea Navi Mumbai site into a retail destination, expand our physical presence in Pune, and become even more accessible through our online presence across Maharashtra. The company said workers affected by the R City store closure would be offered "equal opportunities" for their next assignments in Mumbai and other markets, ensuring a seamless transition.

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Japanese Furniture & Home Furnishing Retail Chain Nitori Plans to Open First Store in India at R City Mall, Mumbai in December 2024
1 month ago

Japanese Furniture & Home Furnishing Retail Chain Nitori Plans to Open First Store in India at R City Mall, Mumbai in December 2024

Live Mint  

BusinessWire India Mumbai, November 20: Nitori, Japan's largest furniture and home furnishing retail chain, is set to debut in India with its first store at R City Mall in Ghatkopar, Mumbai, in December 2024. The shopping mall's strategic location near Powai and Ghatkopar, and proximity to the Eastern Express Highway, make it an ideal venue for Nitori's debut in the …

IKEA opens fourth store in Shanghai
2 months, 3 weeks ago

IKEA opens fourth store in Shanghai

China Daily  

An Ikea store in Shanghai. The new store, located in Shanghai's Hongqiao area, marks IKEA's fourth store in the city, reinforcing its presence with an online and offline shopping experience that prioritizes sustainability and affordability, the company said. Highlighting the importance of the Shanghai market, Cindy Ruan, vice-president of IKEA China, said, "The continued development of the Shanghai market offers …

IKEA partners with Rhenus to set up warehouse in Delhi-NCR near Gurugram
7 months, 1 week ago

IKEA partners with Rhenus to set up warehouse in Delhi-NCR near Gurugram

Hindustan Times  

IKEA, the Swedish furnishing brand, has signed an Memorandum of Understanding with Rhenus, a global logistics leader, to set up an over 1.5 lakh sq ft warehousing facility near Gurugram to provide home delivery services in the Delhi-NCR region. IKEA, the Swedish furnishing brand, has signed an Memorandum of Understanding with Rhenus, a global logistics leader, to set up an …

Can Ikea save the mall?
9 months, 4 weeks ago

Can Ikea save the mall?

Live Mint  

Many malls are struggling but IKEA is betting it can breathe new life into the troubled format. “People are looking for places that offer much more, not only shopping," said Cindy Andersen, the managing director of Ingka Centers, the company’s real-estate arm. Ingka isn’t the only proprietor attempting to enliven its malls, he said, though its ability to use IKEA …

This is Ikea's plan for India: Doorstep delivery owing to online demand
10 months, 3 weeks ago

This is Ikea's plan for India: Doorstep delivery owing to online demand

Hindustan Times  

Leading furniture retailer Ikea has introduced doorstep delivery facility in 62 new markets in India, and the company expects online demand to go up in the coming years, the company's India CEO Susanne Pulverer said. At present, Ikea India gets around 25 per cent of its sales through online channels. "However, the convenience offered by online channels is expected to …

IKEA reveals online, offline plan for Gurugram, to start delivery from...
1 year ago

IKEA reveals online, offline plan for Gurugram, to start delivery from...

Hindustan Times  

New Delhi: Furniture retailer Ikea will start delivering its products in Gurugram through the online mode next year, Susanne Pulverer, the company's CEO for India, said in an interview. The Swedish giant said it is planning an offline store in Haryana's most prosperous city two years later. "We are looking to open the offline store within the next two years …

IKEA Hyderabad to achieve break-even soon, says CEO
1 year, 3 months ago

IKEA Hyderabad to achieve break-even soon, says CEO

Deccan Chronicle  

HYDERABAD: Swedish furniture maker Ikea expects its Hyderabad store, the first in the country, to achieve operational break-even in a year or so, the company said on Monday without providing the revenue details. Ikea Hyderabad was opened in 2018, witnessing a footfall of three million during the past 12 months, against 2.9 million last year after a Covid-induced lull. Ikea …

IKEA cuts product cost by up to 39%
1 year, 10 months ago

IKEA cuts product cost by up to 39%

The Hindu  

IKEA has reduced the prices of its products by 16% to 39% to make home furnishing more affordable for customers in India, said the Swedish home furnishing firm. The initiative was aimed at further re-emphasise ‘affordability agenda’ for India in the backdrop of recent unprecedented situations such as the pandemic, rising costs of living, supply chain disruptions, and increased inflation, …

Bumper weekend at IKEA Bengaluru store: 'Not MLAs queuing in Maharashtra'. Watch
2 years, 5 months ago

Bumper weekend at IKEA Bengaluru store: 'Not MLAs queuing in Maharashtra'. Watch

Hindustan Times  

IKEA, the Swedish-founded, Dutch-headquartered multinational conglomerate, saw huge crowds in Bengaluru and a bumper weekend. This was also the fist weekend since the firm - that sells and designs ready-to-assemble furniture - opened the Karnataka capital's first store for the public. REUTERS/Samuel Rajkumar In Bengaluru, the waiting time was said to be around two-three hours as visuals showed long queues …

IKEA trends on Twitter after their Bengaluru outlet gets super crowded. Best memes
2 years, 5 months ago

IKEA trends on Twitter after their Bengaluru outlet gets super crowded. Best memes

India Today  

If you have been to Twitter recently, you probably have seen the word IKEA on the trending list. Looks like Tirupati finally has some competition pic.twitter.com/fQiS4e87rA — Suyog Gaidhani June 25, 2022 After snippets of the maddening crowd spread on social media platforms, netizens couldn’t help but make memes out of the situation. It’s not MLAs queuing in Maharashtra to …

IKEA largest store in India awaits opening in Bengaluru's Nagasandra on June 22
2 years, 6 months ago

IKEA largest store in India awaits opening in Bengaluru's Nagasandra on June 22

Hindustan Times  

IKEA, a leading Swedish home furnishings retailer, on Tuesday said it will open the doors to its largest store in India so far, at Nagasandra in Bengaluru, here on June 22. The Nagasandra Store is IKEA's fourth store in India, it said in a release, adding that the store will be an iconic landmark in the city, providing home furnishing …

IKEA malls business to invest around ₹7,000 crore in India, top executive says
3 years ago

IKEA malls business to invest around ₹7,000 crore in India, top executive says

Live Mint  

The malls division of Swedish furniture giant IKEA will invest around ₹7,000 crore in two centres it plans to build on the outskirts of New Delhi, a top executive said on Wednesday. IKEA's malls business, one of the world's biggest, said it was building two centres - malls that are anchored by its stores - in Gurugram and NOIDA, two …

IKEA will now deliver to Bengaluru, plans to start physical store within a year
3 years, 6 months ago

IKEA will now deliver to Bengaluru, plans to start physical store within a year

Live Mint  

Swedish home furnishings retailer IKEA on Wednesday said it has launched an online sales service in Bengaluru ahead of opening a store in the city that is expected to be functional within a year. "IKEA's much-awaited Bengaluru market entry, led by e-commerce and mobile shopping app is the first step in entering the market and marks a significant milestone in …

Ikea set to open online deliveries in Bengaluru
3 years, 6 months ago

Ikea set to open online deliveries in Bengaluru

Live Mint  

New Delhi: Furniture retailer Ikea on Wednesday announced opening up of its online deliveries in the southern city of Bengaluru, pushing ahead its plans to reach consumers across multiple sales channels, even as the local arm of the Swedish company is a year away from opening up its first store in the city. Online sales of home furnishings and home …

IKEA announces launch of e-commerce services in Gujarat
3 years, 6 months ago

IKEA announces launch of e-commerce services in Gujarat

Live Mint  

NEW DELHI: Swedish furniture retailer Ikea on Friday announced the launch of its mobile shopping app and e-commerce services in three cities of Gujarat—Ahmedabad, Surat, and Vadodara, as the company tries to widen its reach among Indian households The shopping app will offer 8,000 home furnishing products, along with other home solutions. Mint had earlier reported that Ikea has rolled …

IKEA Mobile App Now Available to Use in Select Indian Cities, Will Expand Across Country Soon
3 years, 6 months ago

IKEA Mobile App Now Available to Use in Select Indian Cities, Will Expand Across Country Soon

News 18  

Swedish home furnishing retailer IKEA on Thursday announced the launch of its shopping app in India, in a bid to expand its omni-channel approach in the country. “We are now one step closer to making every day better with our on-the-go e-commerce service,” IKEA India Country Commercial Manager Kavitha Rao said. She further noted that “health and safety is a …

Ikea opens in Navi Mumbai with meatballs, biryani and 1,000-seater restaurant
4 years ago

Ikea opens in Navi Mumbai with meatballs, biryani and 1,000-seater restaurant

India Today  

Swedish multinational group that designs and sells home furniture, Ikea opened its second store in India on Friday. With an area equivalent to 10 football fields, the new store houses a 1,000-seater restaurant as well as a children's section that is the largest in any Ikea store worldwide. IKEA's opened its retail store in Navi Mumbai Photo: AFP Apart from …

Ikea Navi Mumbai store opens today: How to register for visit
4 years ago

Ikea Navi Mumbai store opens today: How to register for visit

India Today  

Sweden-based Ikea, one of the world’s largest furniture retailer, has opened its second store in India on Friday. However, customers will not be able to visit the store without a pre-booking — a step that has been taken by Ikea in order to prevent crowding amid the ongoing Covid-19 pandemic. Customers will have to visit the store in pre-booked slots, …

IKEA to open store in Navi Mumbai on December 18
4 years ago

IKEA to open store in Navi Mumbai on December 18

The Hindu  

Swedish home furnishings retailer, IKEA, will open its new store in Navi Mumbai on December 18. Peter Betzel, CEO and chief sustainability officer, IKEA India, said, “Mumbai is one of our priority markets in India. We have been present online in Mumbai since early 2019 and soon the many people of Mumbai will be able to shop at our fantastic …

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