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Ikea India net loss widens to 902 crore in FY22; sales up to 1,076 crore

Ikea is operating three big format stores in Hyderabad, Navi Mumbai and Bengaluru. Besides, it also sells online in Mumbai, Pune, Hyderabad, Gujarat and Bengaluru.

Ikea India's total income also went up by 73.1 per cent to <span class='webrupee'>₹</span>1,125.5 crore in FY22, in comparison to <span class='webrupee'>₹</span>650.2 crore of a year-ago period.(REUTERS)
Ikea India's total income also went up by 73.1 per cent to 1,125.5 crore in FY22, in comparison to 650.2 crore of a year-ago period.(REUTERS)
Published on Oct 29, 2022 06:02 PM IST

IKEA says it laid off 10,000 employees in Russia after suspending ops: Report

IKEA had halted its operations in Russia following Moscow's invasion of Ukraine in March.

 The company's logo is seen at an IKEA store.(REUTERS)
 The company's logo is seen at an IKEA store.(REUTERS)
Updated on Oct 13, 2022 05:55 PM IST

Bengaluru's IKEA store causing traffic woes? MLA raises concern in Assembly

Chief minister Basavaraj Bommai said the government will look into the traffic woes caused since the opening of the IKEA store in the Nagasandra area.

Furniture giant IKEA became a target of a political spat between the JDS and the ruling BJP in the Karnataka assembly on Tuesday.(AFP Photo)
Furniture giant IKEA became a target of a political spat between the JDS and the ruling BJP in the Karnataka assembly on Tuesday.(AFP Photo)
Published on Sep 21, 2022 03:06 PM IST

'Appalling': Telangana minister KTR as couple alleges racism at Ikea store

The Telangana minister sought apology from the Swedish ready-to-assemble furniture brand IKEA.

The logo of Swedish retailer Ikea (L). (Photo by Kirill KUDRYAVTSEV/AFP)
The logo of Swedish retailer Ikea (L). (Photo by Kirill KUDRYAVTSEV/AFP)
Published on Aug 29, 2022 02:19 PM IST

Ikea shoppers in Shanghai panic after security locks down store on Covid risk

News of the flash shutdown sent shoppers fleeing and screaming in an effort to get out of the building before the doors were locked, videos on social media showed.

The logo of Swedish retailer Ikea (L). (Photo by Kirill KUDRYAVTSEV/AFP)
The logo of Swedish retailer Ikea (L). (Photo by Kirill KUDRYAVTSEV/AFP)
Updated on Aug 15, 2022 06:35 PM IST
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