COGNICURRENT

Jan 7 • 10:30 UTC • 🇨🇳 China • South China Morning Post

Furniture retailer Ikea to close 7 stores in China amid property market slump

Ikea is closing seven stores in China due to economic challenges and increasing competition from online sales, while planning to open over ten smaller outlets in major cities over the next two years.

#ikea #china #retail #economy #online sales

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