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IKEA to invest Rs 3,000 cr in Maha for stores, experience zones

Swedish furniture retailer IKEA will invest Rs 3,000 crore in the state over the long-term to set up multi-format stores as well as experience centres."We will be investing close to Rs 3,000 crore over the long-term in the state...

IKEA opens Rs 100 crore distribution centre in Pune; to invest Rs 750 crore in Maharashtra

Swedish home furnishing major IKEA has opened a Rs 100-crore distribution centre in Pune, and is also scouting for land in Maharashtra to build more facilities at an investment of Rs 750 crore, a senior company executive has said."We...

Founder of IKEA Ingvar Kamprad passes away

The founder of IKEA and Ikano, and one of the greatest entrepreneurs of the 20th century, Ingvar Kamprad, has peacefully passed away, at his home in Småland, Sweden, on January 27. Surrounded by his loved ones, he died at...

IKEA wins circular economy award at World Economic Forum

IKEA has been selected as winner in The Accenture Strategy Award for Circular Economy Multinational at the world Economic Forum in Davos.IKEA has won this award in recognition of its work leading to sustainable transformation of the IKEA business...

5 retailers who are turning virtual reality into reality

Virtual reality, largely touted as the future of retail is a phenomenon wherein brands create fully immersive, contextual experiences that reach beyond existing physical and digital channels. This new – and fantastically, almost real, and tailored – shopping experience...

Telangana to unveil retail policy in January

Aiming to attract more leading retailers, Telangana will announce its retail policy early in January next year, said a top government official on Wednesday. Jayesh Ranjan, Principal Secretary, Industry, Commerce and Information Technology, said the policy was already drafted and...

IKEA’s first India store to offer over 7,000 products

Leading Swedish home furnishings retailer IKEA will offer over 7,000 products at its first India store opening here next year, it said on Wednesday. The product range will be affordable and will offer something for every home with almost 1,000...

IKEA to set up Hej Homes in Hyderabad

IKEA, the Swedish home furnishing brand, is all set to open its first store in Hyderabad in early 2018. But before that, just to give India a taste of what IKEA furniture feels like, the brand will be setting...

Significant supply churn, more global and luxury brands line up in Pune

While the demonetization wave put a dampener on residential sales across India, the retail market was comparatively unaffected and showed good flexibility in terms of a steady consumer spending pattern. Pune’s retail market is receiving considerable investment attention from...

IKEA picks up land in Gurugram for whopping Rs 842 crore

The world's largest furniture retailer, IKEA, has bid for a 10 acre plot of commercial land in Gurugram, adjoining Delhi, for a whopping Rs 842 crore -- making it the single largest property auction till date by the Haryana...
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Indian consumers prefer ‘offers’ faster online than offline: Report

The research reveals that online buyers are more price sensitive and avail more offers compared to offline buyersBengaluru: As...
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