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Retail news from around the world

Ikea India expands its reach Ikea India is set to expand into tier-2 cities in the second phase of its development following early success in its key markets. The Swedish furniture-and-homewares giant has established its presence in Hyderabad and Mumbai, and is now working on building a large-format outlet in Bengaluru before moving on to Delhi. “We want to bring our offering through multi-channel approach,” said Ikea India CEO Peter Betzel. “We want to be present through large-format stor