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IKEA looks for 3.5 lakh sq ft retail space in Mumbai

IKEA, the Swedish furniture retailing giant is in talks with Oberoi Realty to purchase land in Mumbai for its retail store which would be around 3.5 lakh sq ft in size. Last year, the company had bought 13 acre...

Kishore Biyani’s Future Group acquires FabFurnish

Future Group has forayed into the same line that its CEO has shown a certain disdain for all these years. The very vocal-against-online-retail, brick-and-mortar retailer Kishore Biyani has bought the Rocket Internet-backed online furniture marketplace, FabFurnish. Although the sum that Future Group has...

Rallis transfers leasehold of land to IKEA for 214 cr

TATA Group's agri-input arm, Rallis India Ltd, has entered into an agreement with Swedish furniture retailing giant IKEA to transfer its leasehold right over a piece of land in Mumbai for Rs 214 crore. Rallis India is a subsidiary...

IKEA donates 92 cr for safe water projects in India

Swedish furniture retailing giant IKEA will contribute Rs 92.84 crore to provide safe water and sanitation to one million people in India and Indonesia through Water.org. IKEA Foundation has announced a new grant of 12.4 million Euros to Water.org on...

Furniture giant Ikea plans to enter Haryana

Swedish furniture retailer Ikea, has announced to set up outlets in Haryana with an investment of about Rs 2000 crore. The furniture giant will employ around 1,000 executives but only after some paperwork with the Haryana government. “We will expand...

IKEA to open first store in Hyderabad in 2017

Swedish furniture retailing giant IKEA will open its first store in India at Hyderabad in the second half of 2017 even as it scouts for more sites in Delhi-NCR, Mumbai and Bengaluru. The company, which received government approval in 2013...

Brace yourself for a retail revolution

As 2015 comes to an end, it’s time for an annual round-up of how the retail sector performed in 2015 and predictions for the year ahead... A good retail experience includes great product, great service and a fun experience. This...

Top retail trends of 2016 to watch out for

CONVERGENT POS The way customers prefer to pay is bound to change in 2016. Handheld point-of-sale (POS) systems with a cloud-based back-end have proven to be the device of choice by customers to make payments. They also result in more...

Relooking Sustainability and the Indian Retailer

Sustainability in supply chains and business at large is a complex process involving many players – producers, brands, retailers and consumers. This article is the first in a three-part series that aims to raise some critical questions and most...

Adidas gets nod to open own retail outlet in India, to open stores by next year

Adidas Group, the German sports footwear and apparel maker, is all set to open its first fully owned outlet in India in the second half of fiscal 2016, with it getting the clearance to invest in local retail operations. The...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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