Ikea has finally entered the National Capital Region. The Swedish furniture giant is set to begin e-commerce
commerce in Delhi-NCR and nine other markets in North India — starting March 1 — as it prepares to open fullsize stores in Gurugram and Noida over the next 2-3 years

To read the full article, please visit: https://www.ndtvprofit.com The subsidiary of Netherlands-based Ingka Holdings has been expanding steadily but slowly at a time when its

sales remain subpar, hurting profitability. Ikea reported a larger loss of Rs 1,299 crore in FY24 compared to the previous year, as per a filing with the Registrar of Companies. It saw a modest 4.5% increase in revenue to Rs 1,810 crore during the same year, marking the slowest pace of growth since it opened its first store in 2018