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IKEA completed 80 years globally and 5 years of retail success in India IKEA held "Ikea Iconic", an event in Mumbai to highlight their most iconic home furnishings goods and the debut of a limited edition, unique collection created for the 80th year milestone named "Nytillverkard," in honour of their 80 years of worldwide design legacy and innovation. This unique collection honors vintage designs by recreating the brand's classic products with contemporary updates, brilliant colors, and better materials. Timeless items that have been re...
IKEA completed 80 years globally and 5 years of retail success in India
IKEA completed 80 years globally and 5 years of retail success in India
Source: IANS
27/08/2023 2:22:21 PM
IKEA store owner eyes more price cuts as some input costs ease  Ingka Group, the owner of most IKEA furniture stores, is planning additional price cuts as some input costs ease, its retail manager told Reuters on Monday, a reversal from price hikes introduced last year to counter soaring inflation. The world's biggest furniture retailer raised prices in its fiscal year to the end of August to pass on soaring raw material costs and supply chain disruptions. But it was able to lower some prices again towards the end of the period as stocks star...
IKEA store owner eyes more price cuts as some input costs ease
IKEA store owner eyes more price cuts as some input costs ease
Source: Reuters
29/11/2022 10:44:02 AM
Key News - IKEA India, Tata Steel Ltd, Hindustan Aeronautics Ltd, Colgate Palmolive Ltd, Shriram City Union Finance Ltd By ARETE Securities Key News Ikea India increases prices of some products as inflation bites IKEA India has increased prices of some of its products due to rising inflation while also absorbing the high inflation costs on other products. Susanne Pulver, chief executive officer (CEO) of IKEA India, said no one remains unaffected by what is happening in the world and it is the same for the company as well.   Tata Steel signs MoU with start-up for drone-based mining solutions Domestic giant Tata...
Key News - IKEA India, Tata Steel Ltd, Hindustan Aeronautics Ltd, Colgate Palmolive Ltd, Shriram City Union Finance Ltd By ARETE Securities
Key News - IKEA India, Tata Steel Ltd, Hindustan Aeronautics Ltd, Colgate Palmolive Ltd, Shriram City Union Finance Ltd By ARETE Securities
Source: ARETE Securities Ltd
28/07/2022 9:49:31 AM
IKEA set to launch its second city store in Mumbai The largest Swedish retailer of home furnishings in the world, IKEA, is set to launch its second small-format city shop in India as part of its ongoing omnichannel expansion. The new store will debut at Mumbai's mall, R CITY Mall in Ghatkopar (W) as the first in-mall store in India Ikea R City. The brand's resolve to increase its omnichannel footprint in Maharashtra and improve accessibility for the large population of Mumbai will be strengthened by the opening of this shop. The...
IKEA set to launch its second city store in Mumbai
IKEA set to launch its second city store in Mumbai
Source: IANS
1/07/2022 3:54:22 PM
Acrysil trades jubilantly on doubling supply of Quartz Kitchen Sinks to IKEA Supply AG Acrysil is currently trading at Rs. 535.25, up by 46.10 points or 9.42% from its previous closing of Rs. 489.15 on the BSE. The scrip opened at Rs. 498.00 and has touched a high and low of Rs. 557.55 and Rs. 495.70 respectively. So far 57919 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 935.00 on 13-Dec-2021 and a 52 week low of Rs. 471.00 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 55...
Acrysil trades jubilantly on doubling supply of Quartz Kitchen Sinks to IKEA Supply AG
Acrysil trades jubilantly on doubling supply of Quartz Kitchen Sinks to IKEA Supply AG
Source: Accord Fintech
23/06/2022 12:30:47 PM
Ikea India to source more products locally amid rising inflation Ikea India plans to source more products locally to combat rising inflation, as the Swedish furniture group looks to connect better with the country's burgeoning middle class, a top executive said on Tuesday. The company's fourth Indian store, its biggest, opens in the Indian tech hub of Bengaluru in Karnataka on Wednesday, four years after Ikea entered the Indian market. The store is spread over 460,000 square feet and has a wide selection of the brand's home products and f...
Ikea India to source more products locally amid rising inflation
Ikea India to source more products locally amid rising inflation
Source: Reuters
22/06/2022 8:03:03 AM
Decoding the relationship between homes and mental wellbeing The eighth annual IKEA Life at Home India Report demonstrates how a happier, well-managed, and efficient home can create the spaces and environment for everyone to feel happier, as well as activities that are required in our daily lives to create balance at home. The brand released their annual Life at Home report, which shared insights on creating balance at home and how a balanced home aids mental well-being. The report also revealed insights into people's relationships with their cu...
Decoding the relationship between homes and mental wellbeing
Decoding the relationship between homes and mental wellbeing
Source: IANS
2/05/2022 3:12:30 PM
Key News - Cadila Healthcare, IndiGo , Hindustan, IKEA Navi Mumbai,Indian Oil Corporation,By ARETE Securities Key News Standard Chartered, IATA tie up forh payment platform for airline industry Global banking group Standard Chartered on Thursday said it has partnered with the International Air Transport Association (IATA) to launch a payment platform for airline industry in India. In addition to existing payment options such as credit cards, IATA Pay will be a new payment option that enables participating airlines to offer instant payment options such as UPI Scan and Pay and UPI Collect (Req...
Key News - Cadila Healthcare, IndiGo , Hindustan, IKEA Navi Mumbai,Indian Oil Corporation,By ARETE Securities
Key News - Cadila Healthcare, IndiGo , Hindustan, IKEA Navi Mumbai,Indian Oil Corporation,By ARETE Securities
Source: ARETE Securities Ltd
25/02/2022 9:10:34 AM
IKEA to open its first City Store in India at Worli, Mumbai the world's leading Swedish home furnishings retailer will open its doors to the first City Store at Worli, Mumbai, Thursday onwards. The store will remain open every day from 10.30 a.m.-9.30 p.m. Through the Worli City Store, IKEA will be reaching even more closer to the many people of Mumbai. The city store format allows IKEA to open smaller stores within smaller spaces available within an urban space and makes it more convenient for the many customers to experience the IKEA offer. C...
IKEA to open its first City Store in India at Worli, Mumbai
IKEA to open its first City Store in India at Worli, Mumbai
Source: IANS
10/12/2021 4:38:55 PM
IKEA malls business to invest around $928 million in India, top executive says MUMBAI  - The malls division of Swedish furniture giant IKEA will invest around 70 billion Indian rupees ($928 million) in two centres it plans to build on the outskirts of New Delhi, a top executive said on Wednesday. IKEA's malls business, one of the world's biggest, said it was building two centres - malls that are anchored by its stores - in Gurugram and NOIDA, two large cities on the periphery of the Indian capital. "Beyond the investments that are happening in re...
IKEA malls business to invest around $928 million in India, top executive says
IKEA malls business to invest around $928 million in India, top executive says
Source: Reuters
8/12/2021 8:31:34 PM
Capital View: Ikea plans mega presence in Delhi to boost growth After announcing its plans to enter Gurugram, Sweden-based Ingka Group's home furnishings brand Ikea plans to have stores in Delhi as well as Noida. The company will enter the NCR market via Ingka Centre which will come up in Gurugram. The centre is a mixed use retail destination which will be anchored by a large format Ikea store and is expected to come up within 3-4 years. Besides, the company plans to have an omnichannel approach which will have a combination of "big and ...
Capital View: Ikea plans mega presence in Delhi to boost growth
Capital View: Ikea plans mega presence in Delhi to boost growth
Source: IANS
5/12/2021 9:27:26 AM
IKEA, Rockefeller Foundation collaborate to set up $1bn global platform The IKEA Foundation and The Rockefeller Foundation on Monday announced that they will join forces to set up a $1 billion global platform to fight climate change and energy poverty. The platform, launching this year, aims to empower 1 billion people with distributed renewable energy (DRE). This is renewable energy generated from sources such as mini-grid and off-grid solutions, located near the point of use, rather than centralized sources like power plants. The new global platform will ...
IKEA, Rockefeller Foundation collaborate to set up $1bn global platform
IKEA, Rockefeller Foundation collaborate to set up $1bn global platform
Source: IANS
21/06/2021 11:26:11 AM
The wait is over, IKEA launches shopping app in India In the current situation, a home is a playground, an office, a school, etc. The needs of a home have changed for many people in the current situation. It is wearing multiple roles and to fulfil these requirements with the right home furnishing accessories. IKEA, a multichannel Swedish home furnishing retailer announced the launch of IKEA application on iOS and Android. The new app offers 7,000 well-designed, affordable, good quality, functional and sustainable home furnishing product...
The wait is over, IKEA launches shopping app in India
The wait is over, IKEA launches shopping app in India
Source: IANS
27/05/2021 3:35:07 PM
IKEA`s malls arm plans first India site on outskirts of Delhi STOCKHOLM  - IKEA plans to open its first shopping centre in India after the furniture giant's shopping centres business - one of the world's largest - said it had bought a 48,000-square-metre plot in the city of Noida on the outskirts of Delhi. IKEA, which opened its first store in India in 2018 in Hyderabad followed by one in Mumbai in 2020, said it would develop the new site into a mall anchored by an IKEA store. Ingka Centres, which has 45 IKEA store-anchored malls acro...
IKEA`s malls arm plans first India site on outskirts of Delhi
IKEA`s malls arm plans first India site on outskirts of Delhi
Source: Reuters
20/02/2021 10:40:20 AM
UP Government signs MoU with Ikea ld The Yogi Adityanath government in Uttar Pradesh has signed an MoU with IKEA, the largest furniture and home applications company of the world, which will invest Rs 5500 crore in Uttar Pradesh during the next five years. The state government has provided 50,000 square meters of land in Noida for an IKEA an outlet which will be one of the biggest outlets. The MoU with IKEA was signed virtually in the presence of chief minister Yogi Adityanath on Friday. The company has already made pay...
UP Government signs MoU with Ikea ld
UP Government signs MoU with Ikea ld
Source: IANS
19/02/2021 5:22:11 PM