Ikea advances in India and takes a step back in Russia
Ikea Nagasandra, Bangalore, India
Article written by Sophie Baqué, published on 11 July 2022
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In India, Ingka Group (whose fiscal year will close in August 2022) is pursuing an omnichannel expansion strategy. After opening a 42,500 sq.m store in Bangalore (Karnataka state) in May 2022, the retailer will move central purchasing from Gurgaon to Bangalore. This will source items manufactured in India for the entire world.
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