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Ingka Group

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...

Swedish furniture giant IKEA Retail sets up global operations centre in India

Strengthening its presence in the Indian market, Ingka Group, which handles retail operations of Swedish furniture giant IKEA, on Thursday announced to open a global office at Bengaluru. It will operate within the areas of Global Business Operations (GBO),...

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...

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...

79 pc of consumers change purchase preferences

Sustainability concerns are now influencing consumer behavior among more than half the population. However, despite intentions to be sustainable, there is a gap between what consumers think they know, and what they actually know, about sustainability. A new report from...

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 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...
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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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