IKEA, the world’s largest furniture retailer, is significantly accelerating its investment in India, designating it a "priority market" for long-term growth. Despite global sales dropping to $51.7 billion in FY2025 from $52 billion the previous year, the company's Indian operations saw a 6% revenue increase and a 10% improvement in...
IKEA Launches Fourth Store in India
With an investment of over $400 million in the southern state of Karnataka, Swedish home furnishing brand IKEA inaugurated its fourth India branch in Bangalore. Spread over 12.2 acres, the 460,000 sq. ft facility expects five million visitors this year. The store in Bangalore was launched after a year of...
H&M Enters Home Decor and Furnishing Market in India
"We are looking at the home segment and it will be decoration products and not furniture," said Swedish subsidiary H&M India's CEO Janne Einola. "There are not many players in that category and the product range doesn’t change for years. The H&M Home brand, will compete with Ikea as well...
Ikea Expands Footprint in India
Swedish furniture and home furnishing retailer Ikea inaugurated its first store in India on August 9 in the southern city of Hyderabad and will soon have two more. The 400,000 square foot facility in Hyderabad has the biggest Ikea restaurant anywhere in the world, with seating for 1,000 people. In India,...
IKEA's Offers Alternatives to DIY in India
India's first IKEA store will open with over 8,000 home products, and will employ over 800 workers, with women and men expected in equal numbers. In India, where buyers are less likely to assemble furniture on their own, the company has contracted with UrbanClap , to help shoppers put together its furniture. Do-it-yourself...
Swedes Consider Business Climate in India as Favorable
The embassy of Sweden in India and the Swedish Chamber of Commerce released the 9th edition of their Business Climate Survey report for India, wherein 65 percent (a massive jump from the only 15 percent in 2013) of Swedish multinationals put India as a favorable destination to do business. This survey...