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Ikea is also looking to expand its online operations to tap into India's rapidly growing e-commerce industry, which Morgan Stanley estimates will be worth $200 billion by 2026.
The new store is spread across 400,000 square feet in the southern city of Hyderabad, part of Ikea's plans to invest 105 billion rupees ($1.5 billion) in India over the next several years.
When Ikea announced its long-awaited entry into North India, the anticipation was palpable. Starting 1st March, customers from Delhi-NCR and nine satellite cities including Agra, Prayagraj, Amritsar, ...
After years of waiting, Ikea is finally taking on one of the world’s biggest markets. The Swedish furniture company opened its first retail store in India to customers on Thursday morning, where ...
Looks like IKEA has pulled down its online catalogue in India after MediaNama reported about it. The site now says that it will launch on 9th July.
Ikea is expanding its presence in India with online sales in Delhi-NCR and 9 other markets this week. It plans to open ...
“Online contributes over 20 percent to the total revenue. This is much better as compared to the industry average, which is 11 percent,” notes Adosh Sharma, country commercial manager, Ikea India.
There is another key reason, though. While Ikea waited for nearly 11 years since it first set up shop in India in 2013, its entry into the largest market has a blueprint for long-term growth.
Swedish furniture retailer IKEA’s online strategy helped it survive the Covid-19 slump in India. Footfall at IKEA’s flagship Indian store in the southern city of Hyderabad halved to around 2 ...
Ikea has established a 1.8 lakh square foot Customer Distribution Centre in Gurugram to support its expansion in North India. Online sales will be available not only in Delhi-National Capital ...
FILE- In this Aug. 9, 2018, file photo, Customers stand outside Ikea's first store in India as it opened in Hyderabad, India. India is a test case for whether Ikea should keep shifting resources ...