IKEA
IKEA to raise its India sourcing to 50% from 30%
IKEA plans to increase its sourcing from India to 50%. Currently, it stands at 30%. Benjamin Dausa, Sweden's minister, announced this. He urged India and the EU to create a trade agreement. This agreement should address tariff and non-tariff barriers. Dausa sees India as a trusted manufacturing hub. He highlighted the potential of an EU-India trade deal.
IKEA plans to enhance sourcing from India to 50%: Swedish minister
IKEA plans to significantly increase its sourcing from India. The goal is to reach 50 per cent for its global operations. Currently, it stands at 30 per cent. This initiative aligns with India's aim to boost manufacturing. IKEA sources textiles, plastics, and metals from India. The company started its Indian retail operations in 2018. More stores are planned across India.
Piyush Goyal to meet Swiss, Swedish business leaders; to discuss trade, investments
Piyush Goyal will visit Switzerland and Sweden this week. He will meet business leaders to discuss trade and investments. The visit aims to strengthen bilateral economic ties. Discussions will cover sectors like pharma, engineering, and high-tech manufacturing. Goyal will also explore opportunities from the India-EFTA agreement. In Sweden, he will co-chair a joint commission.
IKEA to amplify sourcing from India for global operations, to increase local sourcing to 50%
IKEA is focusing on India. The Swedish retailer plans to increase sourcing from India for its global operations. It also aims to raise local sourcing to 50 percent for the domestic market. This move will create more jobs across the supply chain. IKEA is already sourcing textiles, plastics, and metals from India.
Memorial Day 2025: What’s open and closed — Costco, Walmart, Target, grocery stores, offices, schools, and more
Memorial Day is a federal holiday in the United States set aside to honor and remember military personnel who died in service to the nation. Originally known as Decoration Day, the observance began in the aftermath of the Civil War and has since evolved into a solemn tradition of national remembrance.
Memorial Day 2025: What's open and shut in US? See which stores are operating today
Memorial Day in the United States is a day to remember fallen soldiers. Observed on the last Monday of May, it began after the Civil War. In 2025, it falls on May 26. Government offices and banks will be closed. Most retailers and grocery stores will remain open. Travel is expected to be high. Expect some flight delays.
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Trump’s 10% tariff is coming: What to buy now before prices rise in US
Donald Trump's import tariff is set to impact prices soon. Experts advise buying now to avoid increased costs. Tech, clothing, home goods, and groceries are likely to become more expensive. Retailers like Walmart will raise prices this month. Items with imported components will also see hikes. Consider purchasing Apple devices, apparel, mattresses, and kitchen gadgets before July.
IKEA planning new stores in the US. Check where and when
IKEA is growing its business in America. The company will launch six new stores by the end of 2025. This follows five new U.S. locations earlier this year. IKEA plans to open at least two more stores in 2026. New stores will be in Pennsylvania, Oregon, Maryland and Texas. Arizona will also get a new store.
Who are the favorites to win Eurovision?
The Eurovision Song Contest in Basel, Switzerland, features a diverse range of acts, from Sweden's comedic sauna song to France's emotional ballad about motherhood. Other notable entries include Finland's sexually charged rock performance and Austria's operatic countertenor. Controversy surrounds some participants, such as Israel's song reflecting on the October 7th attacks and Estonia's humorous take on Italian stereotypes.
Pacifist bond? Not shaken, not stirred?
A new take on James Bond is in discussion. Actor Alexander Skarsgard suggests a peaceful 007. This Bond would avoid violence. He would focus on negotiations instead. The agent would spend time in boardroom meetings. This concept replaces action with corporate deals. It removes explosions and villains. The traditional Bond excitement is absent.
Cos cut down on travel near border, offer WFH to staff amid India-Pakistan escalation
Amid escalating tensions with Pakistan, companies are prioritizing employee safety by urging remote work in key cities and border areas. Travel advisories are in place, with firms like Voltas and Ikea cancelling events. Businesses are also warning against phishing attempts, while the travel and hospitality sector faces booking dips and event rescheduling due to airport closures and safety concerns.
Why India needs to get Eurovisionary
India is strategically engaging with various global platforms. The article suggests India's participation in the Eurovision Song Contest starting next year. India's entry could showcase its soft power through music. Becoming a member of the European Broadcasting Union is key. This move could introduce Indian music to a global audience. It will also add vibrancy to the European music scene.
From God's own country, a carpet for screen demigods
Neytt by Extraweave, from Cherthala, Kerala, crafted the Met Gala carpet for the third time. The company revives traditional weaving. Sivan Santhosh and Nimisha Srinivas established Neytt in 2019. It is now a ₹120-crore business. The company's roots trace back to 1917. Neytt employs 900 people, mostly women. The Met Gala carpet boosted the company's recognition.
IKEA sets its sights on small towns in India with compact retail stores
IKEA is adapting its strategy for India with the introduction of smaller, more agile stores. These compact outlets, as small as 10,000 square feet, will be located in neighbourhoods and high-traffic areas, catering to a more diverse range of customers. The company is also expanding its ‘Plan & Order Point’ (PaOP) format, offering personalised design consultations and access to a full product catalogue through digital platforms. This shift comes as part of IKEA’s second phase of expansion in India, focusing on smaller cities and evolving retail demands.
IKEA plans to expand next-day deliveries to more Asian markets
IKEA is expanding its next-day ecommerce delivery service to more Asian markets, building on the success of its pilot program in India. The Swedish retailer plans to launch the service in Japan and South Korea soon, with India already achieving a 90-95% next-day delivery rate for online orders.
Bird Foods to operate 100 outlets in three years
Bird Foods, a part of the Bird group, is aggressively expanding its presence in India's QSR and food court sector, aiming for 100 outlets in the next three years. The company plans to increase from 23 outlets by June 2025 to 35 by March 2026, focusing on high-traffic locations and exploring tier-2 cities.
IKEA to set up compact stores for expansion in smaller cities
IKEA is shifting its India strategy by introducing compact stores in smaller cities to enhance accessibility. These stores, as small as 10,000 sq ft, will feature digital catalogs showcasing IKEA's 7,000 products, with diverse delivery options. While initially focusing on six major cities, IKEA plans to explore tier II and III cities.
NYT Connections today hints and answers for Sunday, April 27, 2025 (#686): Full breakdown, categories, and how to solve today's easier puzzle
NYT Connections today hints and answers — Sunday, April 27 (#686) brings an easier, fun puzzle for fans trying to keep their streak alive. With a difficulty rating of 3.2 out of 5, today’s NYT Connections puzzle mixes everyday words like "Goldfish," "Combo," and "Massage" into clever categories. You'll spot calculator buttons, amounts of hair, salty snacks, and a nod to Sweden! If you're hungry for hints or just want the full answers, this guide walks you through every grouping and explains why today's puzzle felt a bit lighter than yesterday’s.
Nikhil Kamath reveals four sectors with huge opportunities for Indian brands amid trade war
Zerodha's Nikhil Kamath highlights a significant opportunity for Indian brands in durable goods, those lasting over three years, as global trade becomes more protectionist. He suggests furniture, jewelry, watches, carpets, lighting, fixtures, and luggage as key sectors. Users echoed his sentiments, emphasizing India's craftsmanship and raw materials, envisioning a 'Made in India' global brand focused on enduring, culturally rich products.
Essensai067: Bangalore's new cultural hub opening in Whitefield
Essensai067, a culture and community-focused destination, has opened in Whitefield, Bangalore, offering a unique blend of food, fashion, art, and green living.
The Warehouse battling shrinking revenue, stiff competition amid turnaround efforts
The Warehouse is tackling big problems. Sales are down, and rivals like Kmart and Ikea are tough. Online stores such as Temu and Shein are also creating competition. John Journee is trying to fix things. The company made a small profit, but revenue fell. They are working on new plans to attract customers.
Will Trump's tariff reversal spark a global trade war or help foster negotiations?
Donald Trump's tariff policies create confusion for businesses. Companies face soaring costs and supply chain issues. A temporary pause offers little relief. Uncertainty impacts investment and hiring decisions. Some companies built up inventory. Weaker consumer confidence hurts sales. The outlook for earnings season is gloomy. Some companies may lay off staff if tariffs remain.
As infertility rates rise, India Inc rolls out family-planning benefits
Major companies like Google, Accenture, and IKEA are offering fertility treatments and support to employees. Benefits include IVF coverage, egg and sperm freezing, and emotional support. These initiatives aim to tackle infertility challenges, providing flexible work policies and leave for treatments. Corporates are also collaborating with healthcare providers to further support employees' reproductive health.
DOGE staffers caught sleeping in federal office, outfitting rooms with IKEA beds, lamps, and dressers in bizarre setup
DOGE staffers are turning to home furnishing federal offices and using IKEA furniture in order to do so, along with lamps, dressers. Expanding their 'offices' while not skimping on sleep looks to be DOGE's way of becoming more efficient.
Good news for shoppers! Ikea to begin online sales in Delhi-NCR this week. When is the store coming?
Ikea is expanding its presence in India with online sales in Delhi-NCR and 9 other markets this week. It plans to open full-size stores in Gurugram (2026) and Noida (2028), and later in Chennai and Pune. Despite a widening loss in FY24, Ikea aims for profitable growth. To adapt to high real estate costs, it will reduce store sizes and optimize space.
Cancel long drives for Ikea as it plans reaching the neighborhood to connect to people
Ikea plans to open small city outlets along with its mega format stores in India supported by online channel, as the Swedish furniture retailer rejigs strategy to 'connect to people' amid changing consumer behaviour. So far, Ikea has set up three mega format stores in Hyderabad, Navi Mumbai and Bengaluru and two city centres in Mumbai.
Ikea to open its second Indian store in Navi Mumbai on December 18
“We are very excited, as Mumbai is one of our priority markets in India. We have been present online in Mumbai since early 2019 and soon the many people of Mumbai will be able to shop at our fantastic IKEA store," Peter Betzel, CEO, IKEA India said.
Ikea to invest Rs 5,000 crore for store in Noida
Ikea, which is planning to set-up a large format store in Noida, has signed a MoU with the Uttar Pradesh government for opening of stores
Customer finds caterpillar in Veg Biryani in IKEA Hyderabad restaurant
The Greater Hyderabad Municipal Corporation has issued notices to the IKEA restaurant manager as well as to the veg biryani vendor, Haldiram at Nagpur
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