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June 9, 2016

Furniture retailer Ikea to set up production facility in India

Swedish furniture retailer Ikea plans to establish a production facility in India, where it is set to open its first store next year.

Swedish furniture retailer Ikea plans to establish a production facility in India, where it is set to open its first store next year.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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The plany will enable the retailer to tap growing middle-class consumer market in the country.

The firm has acquired land in Hyderabad and Mumbai where it will open stores in the second half of next year.

It plans to double the sourcing of products from India to cater to its international operations in the next four years.

"It is important for us to set up our production unit in India."

Ikea president and chief executive officer Peter Agnefjäll told Press Trust of India: "It is important for us to set up our production unit in India."

"You can not distribute these inexpensive products over long distances because if you do, you would ruin the margin of the product.

"So, it’s important to go for local production. If we have the right technology, right raw materials which exist there, we can combine with the knowledge of IKEA and turn into a fantastic product.

"Then only can we think of reaching the big middle class, not the affluent few but the many people in India. There is enormous growth of the middle class year by year and by 2025, it would look different from today."

The retailer plans to invest more than €1.5bn on stores and distribution.

It plans to open 25 stores in nine cities by 2025.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.