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IKEA to turn pollution-causing rice straws into products in India

In a bid to reduce global air pollution, Swedish home furnishing company IKEA on Thursday announced its plan to turn rice straws into a new renewable material source for its products.The project, part of the company's 'Better Air Now'...

Jesper Brodin, CEO, IKEA

Jesper Brodin is the CEO of IKEA.Prior to this, he was head of IKEA of Sweden and was responsible for the development of the product range and supply chain. He has been with the company for more than 20...

IKEA to create 10,000 jobs in Maharashtra over next 3 years

Swedish furniture giant IKEA is planning to hire 10,000, both direct and indirect, in Maharashtra over the next two to three years, a senior company executive has said.According to a PTI report: The company opened its first store in...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

IKEA to expand operations to 12 new markets

Adjusted for currency impact, IKEA franchisees’ retail sales grew by 4.5 percent in FY18. Total retail sales, which includes sales of both products and services to IKEA customers, amounted to EUR 38.8 billion. India and Latvia became new IKEA...

IKEA to launch e-commerce operations in India by March next

Swedish home furnishings retailer IKEA would commence its e-commerce operations in the country by March next year, IKEA India Chief Executive Officer Peter Betzel said Thursday.“IKEA will create a multichannel experience for its customers in India. It will launch...

IKEA India breaks ground for its 3rd store in Bengaluru

IKEA India, the Swedish home furnishings retailer, on Thursday celebrated the ground-breaking ceremony of its third India store in Nagasandra, Bengaluru.Following the grand opening of its first IKEA India store in Hyderabad two months ago, this is yet another...

IKEA not to hike prices of low-end furniture products

Swedish furniture giant IKEA Sunday said it would not raise the prices of low-end furniture and furnishing products if the company costs increase due to Centre's recent hike in customs duty on some furnishing items to curb imports of...

IKEA plans to invest Rs 3,000 crore for three new centres

Swedish furniture and home accessories company IKEA plans to invest nearly Rs 3,000 crore in the next three years to open three fulfilment centres (packing warehouses) in Mumbai, Bengaluru and Delhi.According to a PTI report: The company would open...

The IKEA India experience, strategies and future plans

Finally, the wait is over! IKEA, the world’s leading Swedish home furnishing retailer has opened the doors of its Hyderabad store for customers on August 09, 2018.Expressing joy, Peter Betzel, CEO, IKEA India says, “At IKEA the people, the...
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Toys“R”Us to open up to 50 stores in India in 3 years: Nitin Chhabra, Ace Turtle

The company plans to open 12 Toys“R”Us stores in 2024 and 100 in five years, as per Nitin Chhabra...
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