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flag IKEA is closing seven Chinese stores in Feb 2026 due to weak demand, shifting to smaller urban locations and online growth.

flag IKEA is closing seven stores in China, including locations in Shanghai, Guangzhou, and second-tier cities like Nantong and Harbin, starting February 2, 2026, as part of a strategic shift toward smaller, more targeted urban locations. flag The closures follow weak consumer demand linked to China’s property downturn and stagnant wages. flag In response, IKEA plans to open over 10 smaller stores in key cities such as Beijing and Shenzhen within two years, while expanding its online presence through partnerships with JD.com and Alibaba’s Tmall. flag The company remains committed to China, a top 10 global market, and will invest 160 million yuan in 2026 to boost affordability and efficiency.

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