IKEA

World Retail Congress (WRC), the annual gathering place for global retail industry leaders, will be conducted from April 28-30, 2020 in Rome. The theme of the three-day event is High Velocity Retail: The Relevance Agenda’. The programme will, with the...

In bad news for global furniture and footwear brands like Swedish home furnishing multinational IKEA that aim to expand in India, the government on Saturday announced a raise in customs duty on imported footwear to 35 percent from 25...

Swedish furniture giant IKEA said Wednesday it had temporarily closed half of its 30 stores in mainland China until further notice amid concerns over the deadly new coronavirus. "In response to the Chinese government''s call for strict and effective disease...

IKEA (part of the Ingka Group), the world’s leading Swedish home furnishings retailer has launched its online store in Pune. Pune is the second market in India after Mumbai to open online first without the presence of physical stores. This...

India’s sluggish economy is impacting different real estate verticals, including retail leasing. ANAROCK data reveals that in the top 7 cities, retail leasing activity dropped by 35 percent in 2019 as against the previous year – from 5.5 mn...

Consumer spends took a major hit in 2019, both in terms of purchase volumes and ticket sizes. Inevitably, overall retail leasing activity reduced drastically by as much as 35 percent in the top 7 cities alone. Seasonal discount shopping...

After its successful launch in Hyderabad and Mumbai, Swedish furniture giant IKEA is now looking at expanding in Tier-II cities as a part of its phase 2 expansion plan. The company is currently developing a large format store in...

India’s retail sector has been undergoing structural changes for the last two decades. Shopping malls, lined with specialty retailers, started dotting the retail markets of the country’s top cities during the mid-1990s. Since then, the ‘mall culture’ gradually pervaded...

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. The government on Wednesday expanded the definition of mandatory 30...

IKEA, the world’s leading Swedish home furnishings retailer, has launched its online store in Mumbai, with a vision to become accessible to varied audiences of the city with more than 7,500+ products to make everyday life brighter for them....