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COVID-19 Impact: IKEA India temporarily closes outlet in Hyderabad

IKEA India (part of the Ingka Group) has temporarily closed its outlet here from Saturday to implement additional safety measures in view of current COVID-19 pandemic, the Swedish furniture maker said. "In light of the current COVID-19 situation, we are...

IKEA to reopen store in Hyderabad from June 8

IKEA India, part of the Ingka Group, will be reopening its store here from June 8 with strict and strong measures in place to ensure safety of visitors, the Swedish furniture maker said. "As we reopen our store, health and...

IKEA resumes online service, provides contactless experience

IKEA India, a part of the Ingka Group, has restarted its online service with its newly introduced 'Click & Collect', a safe and contactless shopping experience, here. The contactless shopping experience has been introduced as per latest the government guidelines...

IKEA’s acquires AR start-up to give a store-like shopping experience to consumers

IKEA has acquired augmented reality (AR) start-up Geomagical Labs. Commenting on the same, Wafaa Hassan, Analyst at GlobalData said, “As one of the early investors of AR, IKEA’s acquisition of Geomagical Labs gives its customers the opportunity to see how...

IKEA continues to lead the way in sustainability rankings, says GlobalData

Consumers in the UK believe product sustainability to be more important when buying items for the home than when purchasing anything else, says GlobalData Emily Stella, Lead Analyst at GlobalData, comments: “Home shoppers score general merchandise retailers M&S and John...

World Retail Congress 2020 collaborates with IndiaRetailing

World Retail Congress (WRC), the annual gathering place for global retail industry leaders, will be conducted from April 28-30, 2020 in Rome. The theme of the three-day event is High Velocity Retail: The Relevance Agenda’. The programme will, with the...

Budget 2020: Global furniture, footwear brands hit by custom duty hike

In bad news for global furniture and footwear brands like Swedish home furnishing multinational IKEA that aim to expand in India, the government on Saturday announced a raise in customs duty on imported footwear to 35 percent from 25...

IKEA to close half its stores in China over virus outbreak

Swedish furniture giant IKEA said Wednesday it had temporarily closed half of its 30 stores in mainland China until further notice amid concerns over the deadly new coronavirus. "In response to the Chinese government''s call for strict and effective disease...

IKEA launches online store in Pune

IKEA (part of the Ingka Group), the world’s leading Swedish home furnishings retailer has launched its online store in Pune. Pune is the second market in India after Mumbai to open online first without the presence of physical stores. This...

Eclipsed retail sector growth in 2019, leasing down 35 percent

India’s sluggish economy is impacting different real estate verticals, including retail leasing. ANAROCK data reveals that in the top 7 cities, retail leasing activity dropped by 35 percent in 2019 as against the previous year – from 5.5 mn...
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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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