Ikea will close seven stores in China from Feb 2 as it moves from broad expansion to more focused growth and online sales.

Furniture retailer Ikea is closing seven stores in China from Feb 2, it said in a statement on Wednesday (Jan 28).The stores ...

The company said the decision forms part of an optimisation exercise aimed at improving efficiency across its physical and digital channels.

IKEA is closing a number of its large-format stores in China as it reworks how it reaches customers in a market reshaped by a prolonged property downturn and tougher competition. The Swedish furniture ...

IKEA will shutter seven of its signature blue-box furniture stores across China and pivot to smaller outlets, as the Swedish retailer grapples with the country’s prolonged property slump and rising ...

Nearly three decades after entering mainland China in 1998 with its first Shanghai store, Ikea is confronting a market that has matured, slowed and fragmented.

DAVOS, Switzerland, Jan. 22 (Xinhua) -- The CEO of IKEA, the world's home furnishing giant, told Xinhua at the World Economic Forum (WEF) annual meeting in Davos on Thursday that China is a "super ...

SHANGHAI, Jan 7 (Reuters) - Furniture retailer IKEA is closing seven stores in China from February 2, it said in a statement on Wednesday. The stores earmarked for closure include one in suburban ...