Furniture retailer IKEA is closing seven stores in China from February 2, it said in a statement on Wednesday.
The news comes as Chinese shoppers hold back on spending, with retail sales growth in the country slowing in each of the last ...
IKEA is closing seven China stores and pivoting to smaller outlets and digital delivery amid a property slump and rising ...
Against this backdrop, Ikea said it will close seven large-sized stores starting Feb 2. The closures include locations in ...
Compared with emerging mainland retailers, Hong Kong and foreign brands often remain under a ‘selling on the mainland’ phase, ...
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