IKEA to close seven China stores from February 2026

Furniture retailer IKEA has announced plans to close seven stores in China from 2 February 2026. The locations scheduled for closure are IKEA Shanghai Baoshan, IKEA Guangzhou Panyu, and IKEA Tianjin Zhongbei, along with stores in Nantong, Xuzhou, Ningbo and Harbin. The company said the decision forms part of an optimisation exercise aimed at improving efficiency across its physical and digital channels. Customers affected by the closures will continue to be served through other IKEA stores in the same ...