IKEA enters Mumbai market with online store
5 years, 4 months ago

IKEA enters Mumbai market with online store

Live Mint  

Swedish home furnishings retailer IKEA on Monday announced the launch of its online store in Mumbai amid plans to open retail outlets in the city. The company, which entered India with the launch of its first retail store in Hyderabad last year, said its entry into Mumbai with an online store is part of its new multichannel approach to reach 100 million customers in the next few years. “IKEA’s unique Mumbai market entry, led by e-commerce marks a significant milestone in the Swedish retailer’s new retail direction,” the company said in a statement, adding that it will focus on both digital and physical formats to reach customers. “Today marks an important occasion in our history as we roll out our multi-channel, digital first approach with Mumbai being amongst the first few markets worldwide, where we are bringing alive this transformation,” said Peter Betzel, chief executive officer, IKEA India.

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History of this topic

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

IKEA banks on high-tech in China
9 months, 3 weeks ago

IKEA banks on high-tech in China

China Daily  

A visitor checks out home furnishing products at the IKEA booth during the sixth China International Import Expo in Shanghai in November. Global furnishings and housewares giant IKEA is investing in automation, robotics and other technologies to help lower operational costs and continuously reduce product prices, while adding more convenience-centric stores in China's urban centers, said the Swedish company. During …

Can Ikea save the mall?
10 months, 2 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 …

Ikea to shut down store at Mumbai’s R City mall by mid-2024
10 months, 2 weeks 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 …

This is Ikea's plan for India: Doorstep delivery owing to online demand
11 months, 1 week 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 to increase stores, improve assets in country
1 year, 4 months ago

Ikea to increase stores, improve assets in country

China Daily  

Pedestrians walk past an Ikea center in Shanghai. Global home furnishing giant Ikea will invest 6.3 billion yuan in China over the next three years to add physical stores and improve its existing logistics, digitalization and sustainability processes, in order to attract more consumers, its top executive said in Beijing on Wednesday. In China, the Ingka Group, the largest Ikea …

Ikea’s India connect
1 year, 4 months ago

Ikea’s India connect

The Hindu  

With the way that India has opened up to the world in the last few years, it’s no longer a milestone for an international brand to celebrate five years in the country. Speaking at the launch, Erik Jan Middelhoven, Home Furnishings and Retail Design Manager for Ikea India, said, “We wished to celebrate our legacy of sorts. These collections are …

IKEA Hyderabad to achieve break-even soon, says CEO
1 year, 4 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, 11 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, …

IKEA calls 2022 an ‘exceptional year’ despite challenges
2 years, 2 months ago

IKEA calls 2022 an ‘exceptional year’ despite challenges

Associated Press  

STOCKHOLM — Swedish home furnishings giant IKEA said Thursday that despite “unprecedented challenges” caused by the war in Ukraine, supply chain disruptions, increased inflation and lingering fallout from the COVID-19 pandemic, 2022 had been an “exceptional year.” The world’s biggest furniture brand reported retail sales of 39.5 billion euros this financial year, which ran from Sept. 1, 2021, to Aug. …

Bumper weekend at IKEA Bengaluru store: 'Not MLAs queuing in Maharashtra'. Watch
2 years, 6 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, 6 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 to shift purchasing office from Gurugram to Bengaluru
2 years, 6 months ago

IKEA to shift purchasing office from Gurugram to Bengaluru

Hindustan Times  

After vowing ₹3,000 crore of investment in Karnataka and opening India's largest store in Bengaluru's Nagasandra, Swedish furniture retailer IKEA has now decided to shift its purchasing office from Gurugram to Bengaluru, starting May 1, 2023, news agency PTI reported. IKEA's purchasing office sources products for its global supply chain from India, which it has been doing since the 1970s. …

IKEA Bengaluru open for public; CM Bommai flags ₹3,000 crore in investment
2 years, 6 months ago

IKEA Bengaluru open for public; CM Bommai flags ₹3,000 crore in investment

Hindustan Times  

India's largest IKEA store is now open to the public. Situated in Bengaluru's Nagasandra, it was inaugurated by Karnataka chief minister Basavaraj Bommai on Wednesday and the CM said the Swedish company is to invest ₹3,000 crore in the southern state, news agency PTI reported Bengaluru's IKEA store opened on June 22 near the Nagasandra metro station. "The Chief Minister …

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 opens doors on first UK high street small-format site
2 years, 10 months ago

Ikea opens doors on first UK high street small-format site

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ikea opens its first city …

IKEA malls business to invest around ₹7,000 crore in India, top executive says
3 years, 1 month 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, 7 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, 7 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, 1 month 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 …

Ikea’s online sales surged as people turned homes into offices and schools
4 years, 3 months ago

Ikea’s online sales surged as people turned homes into offices and schools

CNN  

London CNN Business — Ikea’s online sales got a big boost during the pandemic as millions of people turned their homes into makeshift schools and offices. UK supermarket chain Tesco said it is creating thousands of new jobs to meet surging demand in its online business, while a research paper from McKinsey earlier this year said lessons from China suggest …

Ikea opens first store in Qingdao
4 years, 4 months ago

Ikea opens first store in Qingdao

China Daily  

Ikea, the world-leading Swedish home furnishings retailer, opened its first store in Qingdao, Shandong province on Aug 13, attracting many customers. The Ikea store offers a wide range of home furnishing products, as well as catering services, to the residents in Qingdao. Location: No 100 Shenzhen Road, Laoshan district Business Hour: 10:00-22:00 May to Oct; 10:00-21:00 Nov to April How …

Walmart-backed Flipkart seeks to double furniture biz annually for next 3-5 years
5 years, 3 months ago

Walmart-backed Flipkart seeks to double furniture biz annually for next 3-5 years

Live Mint  

New Delhi: It may be hard to associate Walmart-backed Flipkart with just furniture sales. However, not only is Flipkart now the largest online retailer of furniture in the country with a little over 40% market share, furniture is also one of its fastest-growing categories. The Indian furniture market is growing at a compounded annual growth rate of 15-17% with residential …

FDI in single brand retail: IKEA India, H&M welcome govt's move to ease global sourcing norms
5 years, 4 months ago

FDI in single brand retail: IKEA India, H&M welcome govt's move to ease global sourcing norms

Firstpost  

New Delhi: Leading single-brand retailers hailed the government’s move to ease local sourcing norms and allow online sales, saying it is an encouraging step to attract investments in the sector. H&M has been sourcing from India since the last 30 years for its international markets, its great to see global sourcing is now part of the 30 percent local sourcing …

IKEA India opens online store in Mumbai; offers more than 7,500 products
5 years, 4 months ago

IKEA India opens online store in Mumbai; offers more than 7,500 products

Firstpost  

Mumbai: Swedish home furnishings major IKEA on Monday said it has launched its online store in the city offering more than 7,500 products. It said the online store is part of its new multichannel approach to reach 100 million customers in the next three years. Today marks an important occasion in our history as we roll out our multi-channel, digital-first …

IKEA products can now be ordered online in Mumbai. Check out opening offers
5 years, 4 months ago

IKEA products can now be ordered online in Mumbai. Check out opening offers

Live Mint  

Swedish home furnishings major IKEA on Monday said it has launched its online store in the city offering more than 7,500 products. It said the online store is part of its new multichannel approach to reach 100 million customers in the next three years. Mumbai will see a multichannel offer including smaller format stores, and a big format store in …

IKEA to launch e-commerce operation in Mumbai soon: India operations CEO Peter Betzel
5 years, 5 months ago

IKEA to launch e-commerce operation in Mumbai soon: India operations CEO Peter Betzel

Firstpost  

Swedish home furnishing retailer IKEA is all set to launch e-commerce operations in the country, beginning with Mumbai followed by Hyderabad and Pune, a top company official said on Friday Hyderabad: Swedish home furnishing retailer IKEA is all set to launch e-commerce operations in the country, beginning with Mumbai followed by Hyderabad and Pune, a top company official said on …

IKEA looking to open smaller stores: India CEO Peter Betzel
5 years, 5 months ago

IKEA looking to open smaller stores: India CEO Peter Betzel

Live Mint  

Hyderabad: Swedish retail giant IKEA is looking to open smaller stores in major cities, so that customers can cut down travel time in reaching its outlets. Peter Betzel chief operation officer, IKEA India said that it is important to be closer to where people are living, and that the company is “planning to have more formats” including an e-commerce platform. …

Ikea finds mattresses score over bookcases in India
5 years, 9 months ago

Ikea finds mattresses score over bookcases in India

Live Mint  

Mumbai: Ikea of Sweden AB claims its Billy Bookcase is sold somewhere in the world every five seconds. “I think we are tapping in with the right products at the right price levels, in a way thanks to the market research we learned about homes and people.” The do-it-yourself furniture retailer, which opened its first Indian store in August last …

India will be a test laboratory for Ikea worldwide: CEO Jesper Brodin
5 years, 9 months ago

India will be a test laboratory for Ikea worldwide: CEO Jesper Brodin

Live Mint  

Mumbai: One of the lessons that Jesper Brodin, president and chief executive officer of Ikea group, remembers from his time spent as assistant to the Swedish company’s founder Ingvar Kamprad was his philosophy of siding with the people. India will be a test laboratory for Ikea worldwide and we will have fun and also take some risks at the same …

IKEA looking at omni-channel presence in India
5 years, 10 months ago

IKEA looking at omni-channel presence in India

Live Mint  

Swedish home furnishings major IKEA Thursday said it plans to have an omni-channel presence in India going forward, reiterating its long-term commitment to the country. Last year, the company opened its first store in Hyderabad, spread over 13 acres of land and has a built up area of 4 lakh sq ft. "We are long term committed to India. We …

Rustomjee, Ikea to offer furnished homes, eye ₹700 crore revenue
5 years, 11 months ago

Rustomjee, Ikea to offer furnished homes, eye ₹700 crore revenue

Live Mint  

In a first, the Swedish furniture retailing giant Ikea has partnered with the city-based developer Rustomjee to offer designer, furnished homes at upcoming township project Global City at Virar near here. "This is for the first time a global brand like Ikea has partnered with a developer to provide fully furnished apartments with a range of product offerings from Ikea. …

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