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Peter Betzel

IKEA opens 2nd Indian store in Navi Mumbai, plans Rs 6k cr investment and 6000 jobs in Maharashtra

Swedish furniture giant IKEA welcomed the first customer at its second store in India, which was opened at Turbhe in Navi Mumbai on Friday. Spread across 5.30 lakh square feet, the store will permit only pre-registered customers up to 2,500...

IKEA India on expansion spree, to launch biggest outlet in Noida, a second store in Navi Mumbai

World's leading home furnishings retailer Ikea will open its second store in the country at Navi Mumbai on Dec. 18. The over five lakh sq. ft. store would be the second store for Ikea in India after Hyderabad, where...

IKEA unveils Navigation Tower and Wordmark at Navi Mumbai store site

IKEA (part of the Ingka Group), the world’s leading Swedish home furnishings retailer has installed the iconic IKEA Navigation Tower and the Wordmark at the IKEA store site in Navi Mumbai, Turbhe, Maharashtra. The 5 lakh+ sq ft IKEA store...

2 million customers visit IKEA’s Hyderabad store in 2019-20

More than two million customers visited IKEA`s first India store here during the financial year 2019-20 (September to August), said the Swedish home furnishing multinational on Wednesday. The Group counts a financial year from September 1 to August 31. The...

2 million customers visit IKEA's Hyderabad store in 2019-20

More than two million customers visited IKEA`s first India store here during the financial year 2019-20 (September to August), said the Swedish home furnishing multinational on Wednesday. The Group counts a financial year from September 1 to August 31.The...

2 million customers visit IKEA's Hyderabad store in 2019-20

More than two million customers visited IKEA`s first India store here during the financial year 2019-20 (September to August), said the Swedish home furnishing multinational on Wednesday. The Group counts a financial year from September 1 to August 31.The...

IKEA announces solid sales performance when life at home has never been more important

Ingka Group today announced strong IKEA retail sales of EUR 35.2 billion for the financial year 2020 (EUR 36.7 billion FY19), despite the economic and public health challenges posed by COVID-19. The company continues to transform its business to...

Increasing local sourcing; in dialogue with stakeholders for collaboration: IKEA India CEO

IKEA is steadily increasing its local sourcing footprint in India and has achieved 20 percent localised sourcing within the first two years of store operations, said a top company official. The rise in local sourcing would not only make products...

Swedish furniture retailer IKEA to adopt omnichannel approach for expansion in India

The COVID-19 pandemic has slowed down Swedish furniture retailer IKEA's expansion plans in India but the company is adjusting to the new reality while continuing to bet on the country as one of its ‘very important markets’, according to...

Ingka Group hikes sustainability investment by 600 million euro for next 12 months

Swedish furniture major IKEA's partner Ingka Group has increased investment by 600 million euro (around Rs 52,00 crore) towards sustainability projects over the next 12 months. After this announcement, Ingka Group's total investments in sustainability projects will rise up...
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Emerging Tier- 2 Retail hotspots in South India

The report from CBRE South Asia states that the total retail stock in 14 tier-2 cities stood at 29...
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