Competition and Industry News
Import duty hike to push up costs, hurt business: Ikeaedit
Ikea, the world’s largest furniture retailer with 38 billion euros in annual sales, said the customs duty increases will push up costs in India and could hamper business sentiment. “Trade barriers such as import duties are against ideas of a global economy and ease of doing business and will lead to higher costs in India, which is not customer friendly,” deputy country manager Patrik Antoni said in a WhatsApp message to ET.
Publication: The Economic Times (Online)
Date: September 28, 2018
IKEANature-inspired bed sheets to refresh your bedroomedit
A good night’s sleep on a cozy and comfortable bed is the secret of the healthy lifestyle. Just like sleep is important for your overall well-being, the bed sheets you use to cover your beloved bed defines your personal hygiene and as well as the comfort while sleeping. Also, the aesthetics of your bed sheet are an indicator of you tastefulness when it comes to home decor. Nature-inspired bedding are a neutral option that everyone can incorporate in their bedroom.
Publication: Times of India (Online)
Date: September 27, 2018
Eyeing India’s furniture market, Amazon teases first physical showcase in New Delhiedit
Looking at the upcoming festive season, e-commerce giant Amazon Thursday set up a one-day ‘Home’ in the national capital and furnished it entirely with products available on its website — beds, closet, cupboards, tables, sofas, cushions, and ornaments. The showcase in New Delhi’s Defence Colony, not open to customers, was the first of its kind for the firm as it looks to tap India’s growing furniture mar
Publication: The Print (Online)
Date: September 28, 2018