Luxury Home Furnishing

30% total sales from online delivery, says Ikea India CEO Pulverer

The company has already piloted same-day deliveries in the Hyderabad market, and is planning to launch it in other markets it operates in

Ikea FY24 results: Loss widens to Rs 1,299 cr, revenue up at Rs 1,809.8 cr

Ikea India, a leading furniture and home furnishing retailer, reported widening of losses to Rs 1,299.4 crore in FY24, according to an RoC filing by the company, a step-down unit of Netherlands-based Ingka Holdings. Its revenue from operations was at Rs 1,809.8 crore, up 4.5 per cent in the financial year that ended on March 31, 2024, according to financial data accessed through business intelligence platform Tofler. Total income of Ikea India Pvt Ltd was also up 5.12 per cent to Rs 1,852.7 crore in FY24. Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore a year earlier. According to the company, the increase in loss is largely due to investments towards expansion towards omnichannel growth. "IKEA India maintained solid sales growth despite no price increase and lowering the prices on certain products in FY24. Our losses largely reflect the investment we are making towards our omnichannel growth," said an Ikea spokesperson. Ikea .

For a good night's sleep, tuck into luxurious, comfortable bed linen

Crafted bed sheets, pillows made of cooling fabric, ergonomic mattresses are in high demand

Curtains to ventilation: How to protect your home in extreme heat

Furnishing and wall colours will add to the comfort of living in summers

Shubhashish Homes honoured with the 'Luxury Project of the Year' Award for Shubhashish Prakash in the Non- Metro Category

.

Selling time for unsold real estate inventory down by nearly one-third: JLL

The consultancy released the findings based on an analysis of seven cities -- Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata -- over the last eight quarters

Signature Global launches second phase of premium projects in Gurugram

The realtor will deliver the remaining 50 per cent of the units to customers in the second phase of the projects

At home in super luxury: the rise of a real estate trend

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

Slow, steady and stylish: How to decorate your dream home on a budget

From curtains to sofas, furnishings come in a wide range: here is advice on how and what to pick

Mulling smaller stores in other cities to expand India biz: IKEA chief

In a Q&A, Susanne Pulverer says the Swedish firm aims at 5 mn footfalls at its new mega store in Bengaluru this year

Sweden's IKEA to open large-format store in Bengaluru on June 22

The large-format store, spread over 12.2 acres (460,000 square feet), will be connected to the Nagasandra metro station and have over 7,000 affordable and sustainable home furnishing IKEA products

Tips on buying a bed that suits the home interiors and offers sound sleep

You will find several types of beds available, at various price points in the market; pick the right size, shape, material and design for your personal space

IKEA enters Bengaluru, launches ecommerce and mobile shopping app

Swedish home furnishing retailer IKEA announced on Thursday the launch of its eCommerce services and mobile shopping app in Bengaluru. There will be over 8,000 home furnishing products and solutions to choose from, it said in a statement. The company opened its second IKEA India store in Navi Mumbai in December 2020. IKEA already has online presence in Hyderabad, Mumbai, Pune, Ahmedabad, Surat, and Vadodara. The IKEA mobile shopping app features product recommendations, ratings, and reviews, along with "easier" searching and browsing experience, the statement said. Customers can also find a built-in barcode scanner which will help them learn more details about the products, including materials and dimensions, it was stated. IKEA India CEO & CSO (Chief Sustainability Officer) Peter Betzel said Karnataka is a very important market for IKEA and Bengaluru is one of the largest home furnishing markets in India. The company will also open a big IKEA store, close to 400,00

£5.8 mn for two-bed apartment: Hindujas launch ultra-luxury homes in London

A 250-year lease of the vast property was acquired for a reported £350 million in a successful joint tender with Spanish company OHLD.

Sprucing up your space with classy home textiles in the time of Covid-19

There is a wide range of curtains, carpets, cushions and more at various price points. Pick up stuff that goes well with your space as furnishing is usually a long-term affair

Furniture retailers prepare for road ahead as Ikea expands India footprint

Players counting on omni-channel retail, affordable products

India will be among the top five markets for us: Ikea's Peter Betzel

In a Q&A, the CEO of the furniture retailer's Indian arm dwells on his firm's localisation efforts and long-term commitment to the country

Home furnishing units will recover faster than garments: CRISIL SME Tracker

While demand for the home furnishings segment (SME share is 70-80 per cent of Rs 700 billion) is expected to decline as well, we expect the segment to pick up sooner than garments

Kurl-on looks at acquisitions, aims to become a home furnishings company

The company plans to achieve a turnover of Rs 1,500 crore by next year

Brick by brick: The innumerous design possibilities hidden in a wall

The idea of breathable walls is a practical style that is perfectly suited for a hot tropical country such as India