Company News
In the company of authorsedit
When it’s Friday evening, and the week is done, a few employees of furniture-retailer Urban Ladder step into the weekend, a book in hand. They meet at the cafeteria of the company’s Bengaluru office to pick a book and discuss it threadbare. Recently, they discussed All the Lives We Never Lived by Anuradha Roy. A book is chosen on the basis of voting.
Publication: The Hindu (Online)
Date: November 21, 2018
Competition and Industry News
IKEA cuts 7,500 jobs globally; India sparededit
Ingka Group (Ingka Holding B.V and its controlled entities), which owns and operates IKEA stores and fulfilment centres, has announced plans to cut 7,500 jobs globally out of its total workforce of 160,000 in 30 markets. However, India, which is a new market, will not be impacted, the company has clarified.
Publication: The Hindu (Online)
Date: November 21, 2018
IKEAIkea bets on small stores to go digitaledit
In a departure from its large warehouse-size store formats, Ikea is experimenting with 30 smaller outlets across the world in a bid to address the changing consumer patterns globally, even as the Swedish retail giant has decided to increase investments in ecommerce offerings.
Publication: The Economic Times (Online)
Date: November 21, 2018
IKEAHow AI is strengthening omnichannel analytics in Indian Retail Sector?edit
For retailers to deliver a truly omnichannel experience, they must integrate data across channels and evaluate the same. This is easier said than done. While online shopping data has become relatively easy to collect and analyse, there is growing convolution with every new channel, that is being incorporated into our digitalised lives (e.g. smart watches and voice assistants like Amazon Alexa).
Publication: Indian Retailer (Online)
Date: November 22, 2018