Furniture Major Ikea

Ikea expands to Delhi-NCR: Online sales to begin before stores open

Ikea's offline presence in Delhi-NCR will follow soon, with two stores under construction in Gurugram and Noida

Ikea sees slowest sales growth in India as losses mount, expands investment

Ikea's net loss widens by 15% to Rs 1,303 crore between August 2023 and September 2024 due to significant investments in infrastructure and store expansion

Ikea looking for next phase of investments in India, plans smaller stores

Global furniture retailer Ikea is looking for the next round of investments in its priority market India as it enters the second phase of growth, its India CEO Susanne Pulverer said. Ikea will open small-format stores with a retail area of 30,000 to 70,000 square feet, in the adjacent markets of its existing and coming large-format stores besides growing its online presence here, she added. "We have done phase one, where we invested in the three first markets in four stores. We have taken the learnings. We have seen and learned even more from the Indian consumers, and now we take that to the next phase of the investment and expanding in India," Pulverer told PTI. Ikea's next destination is Delhi-NCR, where it will first start online sales in the first quarter of 2025 and then open its first physical store at its first 'Lykli' centre, which would come up in Gurugram in 2026. Currently, Ikea has large format stores in India at Hyderabad (4.8 lakh sq ft), Navi Mumbai (5.3 lakh sq ft)

Ikea to electrify all deliveries in India by 2025, expand EV fleet by 40%

Currently, 88% of Ikea's deliveries in India are made using electric vehicles

Ikea pilots same-day delivery in Hyderabad, hits 100% EV delivery goal

As part of its sustainability strategy, Swedish furniture giant Ikea has committed to entering all new markets, including the Delhi-NCR region, with an EV-first approach

Ikea announces Gurugram warehouse deal to boost Delhi-NCR deliveries

International logistics firm Rhenus will set up facility for Swedish furniture retailer, expected to be operational by early next year

Ikea looks at investment in India after fulfilling Rs 10,500-cr promise

Swedish furniture retailer IKEA is looking at the next round of investment in India after exhausting its commitment of Rs 10,500 crore when it entered the country 10 years back, according to the company's India CEO Susanne Pulverer. The company, which kicked off its retail operations in India with the opening of its first store in Hyderabad in August 2018, is currently setting up projects in Delhi-NCR that are expected to open in 2025 and will complete its committed investment for 10 years. "This first investment that we committed is booked with the projects in NCR. So with that, we have exhausted the Rs 10,500 crore and we are looking at the next level of investment to further build IKEA presence in India, to expand volumes and increase sourcing. So that is in the plan making and we will announce more when we are ready. The plans are being formulated, and we will make announcements when ready," Pulverer told PTI. In 2013, the government approved a Rs 10,500 crore FDI proposal by Ik

Ikea adds doorstep delivery facility in new markets, expects higher demand

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. The company will soon launch its Shop By Phone assistance service, she said. This is part of the approach of the entire Ikea brand evolving towards an omnichannel approach globally, acknowledging the challenges of people having less time and the importance of convenience in their purchasing decisions, said Pulverer. "It (online sales) is around 25 per cent of our total turnover. We believe there is potential for further growth both in terms of market share and overall sales," Pulverer told PTI. The 62 new markets are spread across Maharashtra, Karnataka, Andhra Pradesh, and Telangana, which would be served from its nearby stores. The nature of Ikea business is such that customers seek

Ikea enters 2nd phase of growth in India, to expand retail operations

Swedish furniture maker Ikea is looking for omnichannel expansion with diverse retail formats besides kicking off online operations in Delhi-NCR by the end of 2024 as it enters the second phase of growth in the Indian market. According to company India CEO Susanne Pulverer, Ikea is now planning to expand its operations by adding more stores to its network and considering new locations such as Pune and Chennai and increasing local sourcing making products more affordable here. Ikea, which has completed five years of retail operations after opening its first store in Hyderabad on August 9, 2018, plans to increase its employee count to 10,000 from 3,000 in the coming years. Besides, the company which sources from India for its global retail operation, is expanding its scope and looking into a big category with wood-based products here. "Our next growth phase in India looks very promising and full of opportunities. IKEA is committed to India and here for the long term. We are looking a

Want to buy Ikea products online in Delhi-NCR? Wait will be over in 2024

Ikea will commence e-commerce operations in NCR by December 2024, ahead of opening two large shopping centres in Gurugram and Noida

Ikea to relocate purchasing office to Bengaluru from Gurugram in May 2023

The company is providing relocation support to its employees, who opt to move to a Bengaluru under the "relocation policy"

Covid-19: IKEA closes its Hyderabad stores, tells public to shop online

The total number of COVID-19 cases in India has now climbed up to 236, including foreigners, the Union Health Ministry said on Friday.

Turning the tables: Low cost, e-retail presence key for new furniture firms

Flipkart, Pantaloons and Pidilite are emerging names in furniture retail, keen on making headway in a fragmented market

From Home Centre to HomeTown, rivals gear up as IKEA steps into Mumbai

HomeTown and Homestop to expand their product portfolios, tapping a wider set of consumers

Flat-pack pioneer Kamprad built Sweden's IKEA into global brand: Obituary

The founder of world's largest furniture company IKEA Ingvar Kampard, multi-billionaire recluse dies at 91

Furniture major IKEA top brass meets Prabhu as company eyes Indian mkt

Representatives from Swedish furniture major IKEA today met Commerce & Industry Minister Suresh Prabhu here, as the company looks to ramp up its presence in India. However, IKEA has not sought any relaxation in local sourcing norms from the Union Government, and is confident that by 2022, 30 per cent of the products it sells in India will be sourced locally. "We are positive about the change that happened over a year ago (on local sourcing norms) when it moved from first investment/first store opening to five years of first store opening," Patrik Antoni, Deputy Country Manager, IKEA India, told PTI after meeting the minister. The company is set to open its flagship store in India by next year, and is in talks with Telangana, Karnataka, Maharashtra for sourcing wood for furniture. The Swedish company earlier said it will recruit about 800 people for the store which will come up in Hyderabad.