Ikea

Puravankara leases retail space to IKEA at Purva Zentech Park in Bengaluru

The retailer will open its second Bengaluru store at Puravankara's upcoming Kanakapura Road project, set to be handed over in early 2026

IKEA launches smart home products compatible with Alexa, Google, Apple Home

IKEA expands its connected home lineup with 21 new Matter-compatible smart products, including bulbs, sensors, remotes, and plugs

IKEA leases 37,000 sq ft at Phoenix Marketcity Pune for Rs 38 lakh/month

India's retail leasing boom continues as IKEA India inks a major deal at Phoenix Marketcity Pune, taking 37,000+ sq. ft. of space for a monthly rent of ₹38 lakh.

IKEA acquires US logistics tech company Locus in online growth push

IKEA said acquiring Locus would simplify its logistics and reduce its delivery expenses by an estimated 100 million euros ($117.41 million) a year globally

IKEA pays ₹30L monthly rent at Pacific Mall Delhi, rising to ₹45L by year 7

IKEA's Pacific Mall Lease: ₹30 Lakh Rent in Year 1, Touching ₹45 Lakh by End of Term

Ikea pledges lower prices in China as competition with local rivals grows

The Swedish company will commit 20 million euros ($23.4 million) in the fiscal year starting Sept. 1 to efforts to slash prices further in the market

IKEA expects India business to grow 10% in FY25, to expand network

Leading Swedish furniture and home furnishing retailer IKEA expects its India sales to grow by over 10 per cent in the financial year 2025, a top company official said here. IKEA follows the September-August financial year. While speaking with a media delegation, Ingka Group Retail Manager Tolga nc said that the company is confident of its expansion in the Indian market, where it plans to open a slew of small-format stores along with its traditional large (Blue Box) stores. Ingka Group operates IKEA stores in 31 countries, including India. IKEA, which gets around 30 per sales through online channels, is seeing an impressive jump in queries. In FY24 IKEA in India reported a widening of its total loss to Rs 1,299.4 crore, though its revenue from operations was at Rs 1,809.8 crore, up 4.5 per cent. When asked about the growth of IKEA in India, Tolga nc said: So right now, after many years, seven years of being in India with the retail business, we have finally come to a point where

IKEA plans new India investment phase, stores in Chennai and Pune next

IKEA will open large-format stores in Chennai and Pune as part of its next India investment phase, with Gurugram and Noida Ingka centres set to open by 2028

India has growth potential: IKEA CEO at first Delhi store opening

Swedish home decor and furniture retailer IKEA sees growth potential coming over the next three decades in India on the back of the country's economic growth, demographic dividend and young families coming into the consuming class, said IKEA India CEO Patrik Antoni. IKEA, which on Wednesday entered the Northern market with the opening of a city store here, is also working to increase local sourcing for its local retail operations from 30 per cent to 50 per cent in the next five years, he said. "The population size itself, the economic growth, but also the whole demographics of the society, where there are so many young people, so many young families that are coming out. So, I think it's probably the growth potential we see over the coming 30 years," Antoni told PTI. IKEA, which has now entered into the second phase of growth in the country, is working with an omnichannel strategy here, where it has classical large-size stores, along with small city stores, supporting its online sale

Alfresco Affair: How to spend smart on outdoor furniture

As the weather turns, it's time to look at some outdoorsy furniture to make your fall and winter a more relaxing experience, be it out on the lawn or just the humble balcony

Patrik Antoni to be new CEO of Ikea India as Susanne Pulverer resigns

IKEA India, part of leading Swedish home furnishings retailer, on Tuesday announced the appointment of Patrik Antoni as its next CEO. Antoni, whose appointment will be effective from August 2025, will also work as Country Retail Manager & Chief Sustainability Manager (CSO), IKEA India said in a statement. He will replace incumbent Susanne Pulverer, current Country Retail Manager & CSO, who has decided to leave her role at IKEA. She was associated with IKEA for 28 years and has spent over eight years in India in three stints. "Antoni will lead the company's ambitious growth plans in India, leveraging his 20-plus years of IKEA experience and deep knowledge of the total IKEA value chain. In this new structure, the CEO will take on holistic responsibility for retail operations in India and common topics across Ingka companies," it said. Antoni has experience in India, including a 5-year stint as Deputy CEO, which will enable him to navigate the market's unique opportunities and ...

Ikea plans to enhance sourcing from India to 50%: Swedish minister

Global home decor and furniture retailer IKEA has ambitions to increase sourcing from India to 50 per cent, Swedish trade minister Benjamin Dousa said on Wednesday. IKEA's sourcing basket includes textiles, plastics, and metals, among others, and the company plans to add more items. Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa said that India is aiming to increase the share of manufacturing in the country's GDP and Sweden is a partner in this endeavour. "One example is IKEA that has communicated to their ambition to amplify sourcing locally from India to 50 per cent for its global operations from the current 30 per cent," he said here while addressing businesses of India and Sweden. Presently, Europe is IKEA's biggest supplier, followed by America and Asia, in which China leads. IKEA has been sourcing from India for the last five decades, though it started its retail operation in India in 2018 by opening its first store in Hyderabad,

Ikea to amplify sourcing from India to 50% for its global operations

India is a "focus market" for the Swedish global home decor and furniture retailer IKEA, where it is increasing sourcing for its global operations and increasing local sourcing to 50 per cent, from the current 30 per cent, for the domestic retail business, a top company official said. The move will help to cater local retail and global operations, and will also generate more jobs across the supply chain, said Christina Niemel Strm, Head of Sustainability for Supply, Inter IKEA Group. India is "in the top 10 of our sourcing countries" list, from where it is procuring products worth around 400 million euros for its global retail operations, Strm told PTI in an interaction. IKEA's current sourcing basket includes textiles, plastics, and metals, among others, and the company plans to add more items. "Our aim to source more product categories such as sofas, mattresses and storage furniture from the country now,' said Strm, adding "Inter IKEA Group has identified India as a focus market

Ikea launches its first 'Plan & Order Point' service in India

This service will be available at its experience centre in East Bengaluru and spans 740 sq metres

Ikea begins online delivery in Delhi-NCR, nine other North Indian cities

Ikea has launched online delivery in Delhi-NCR and nine other North Indian cities, allowing customers to shop via its website, app, and Shop by Phone service ahead of its store openings

Global furniture major Ikea eyes next round of funding for India play

Expands in North India with central distribution centre in Delhi-NCR

Ikea looking for next phase of investment in India, aims growth: CEO

Swedish furniture retailer Ikea, which is starting online sales in Delhi-NCR and nine other markets this week, is looking for next round of investments in India and will move to profitability after expansion, said its India CEO Susanne Pulverer. Ikea is planning to have 2 full-size stores in Delhi-NCR -- at Gurugram in 2026 and Noida in 2028. It also plans to open physical stores in Chennai and Pune in the next phase after having operational stores in Hyderabad, Mumbai and Bengaluru. After entering these six key metro markets, Ikea will work on its next phase of journey for the country, where it will expand with smaller stores and an omni-channel strategy. Pulverer did not specify any timeline for Pune and Chennai stores but said Ikea would be there in a couple of years. In Pune, Ikea is already available through online sales. "The physical expansion has to complement e-commerce at Pune, and Chennai is the market we have not opened. These are together with the continuing Bangalore

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 India aims for operational profitability in couple of years, says CEO

Ikea India, a leading Swedish furniture and home furnishing retailer, expects to achieve operational profitability in a couple of years, Susanne Pulverer, Ikea India CEO and Chief Sustainability Officer, said on Friday. In a media interaction here, she said that after overcoming the impacts of Covid 19, subsequent inflation hikes, and disruptions in supply chains and raw materials, Ikea is preparing for the next phase while focusing on stabilisation and affordability. "It (operational profitability) will take a couple of years, but we have a very clear plan to achieve it," she said. Ikea India reported a widening of losses to Rs 1,299.4 crore in FY24, according to an RoC filing by the company, a subsidiary of Netherlands-based Ingka Holdings. Its revenue from operations stood at Rs 1,809.8 crore, marking a 4.5 per cent increase in the financial year ending March 31, 2024, according to financial data accessed through the business intelligence platform Tofler. According to the compa

Tariffs could drive prices higher: Top Ikea retailer warns in Davos

Inflation and high interest rates have had a "damaging" impact on consumers over the past few years, Brodin said, adding that he saw demand improving