Following the closures, Ikea will still operate 34 physical stores, two flagship e-commerce shops and other digital channels in China.

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 ...

Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market and sluggish consumer spending, which have dampened demand for ...

The news comes as Chinese shoppers hold back on spending, with retail sales growth in the country slowing in each of the last six months on year.

Ikea will close seven physical stores in China next month, but also plans to open at least ten smaller stores over the next two years.

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 ...