The 14-acre land, which IKEA acquired from Bangalore Metro Rail Corp Ltd, is located at Nagasandra on Tumkur road. The furnishings company's first store in India will open early next year in Hyderabad.

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Swedish home furnishing giant IKEA AB said it would continue doing business with Welspun India while it awaits the outcome of the Indian textile manufacturer's probe into its sales practices.

In a year from now, IKEA, the global major in home furnishing, will have its first store in India up and running in Hyderabad. By then, it would have invested Rs 700 crore on the project and provided employment to 2,000 people (500 directly and the rest 1,500 indirectly).

Furniture e-tailer Urban Ladder is working on building a national brand based on innovation, quality and seamless buying experience.

Swedish furniture major IKEA is increasing sourcing of cotton from India for its textile requirements as it gears up to start retail operations there by next year.

With its first store in India set to open next year, Swedish furniture retailer IKEA will consider setting up a production unit in the country in order to fully tap the potential of 'big middle class' consumers in the market.

Swedish furniture retailing giant IKEA on Friday announced the purchase of its first land parcel in Mumbai Metropolitan region to build a 4,00,000-sqft store.

In 2015, IKEA had signed MoUs with Karnataka, Telengana, Uttar Pradesh and Maharashtra to set up stores.

The company, which has committed for Rs 12,500 crore investment in India, needs some time \"to build a sustainable and long term sourcing solutions\" to source raw material, find local entrepreneurs and to create industrial set ups.

The company has drawn up a Rs 10,500-crore investment plan to open 25 stores over a decade and has already acquired land in Hyderabad, where it is most likely to open its first store.

This step is yet another affirmation of IKEA's expansion plans in India. The company is in parallel evaluating suitable sites in the cities of Bengaluru, Mumbai, and Delhi NCR (National Capital Region) to open 25 stores in the long-term, the company said in a statement.

Maharashtra Chief Minister Devendra Fadnavis said that the investment ny Ikea wil create around 1,000 jobs per outlet.

Each of the big four companies of online furniture retail - Pepperfry, Fab Furnish, Urban Ladder and Mebel Kart - is devising its own methods to woo shoppers.

South Koreans have amongst the longest working hours in the world. UK's giant retailer sought to turn this to its benefit.

The Ikea group is the first major single brand retailer to get FDI approval and plans to open several stores in Delhi/NCR, Hyderabad, Karnataka and Maharashtra.

Its store opening plans, however, got delayed as it became ensnared in the country's complex sourcing and other policies.

While every physical retailer today is putting together its e-commerce strategy, industry experts feel that retailers need to do lot more than before to stay profitable.

In the festive season frenzy of online shopping, the big players have elbowed out the small ones, in more ways than one.

Ikea is one of the first companies to get approval for a 100 per cent foreign direct investment (FDI) in India.