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Ikea Closes 7 China Stores, Shifts to Smaller Formats

1/7/2026

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Summary

Story summary

Ikea will close seven mainland China stores due to a weak property market and sluggish spending, effective February 2.
The closures affect stores in Shanghai, Guangzhou, Tianjin, Nantong, Xuzhou, Ningbo, and Harbin.
Fan Xinyu, an economics professor in Beijing, says Ikea will open over 10 small-format stores in key cities such as Beijing and Shenzhen over the next two years to meet specific customer demands and enhance the in-store experience.

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Story summary

Ikea will close seven mainland China stores due to a weak property market and sluggish spending, effective February 2.
The closures affect stores in Shanghai, Guangzhou, Tianjin, Nantong, Xuzhou, Ningbo, and Harbin.
Fan Xinyu, an economics professor in Beijing, says Ikea will open over 10 small-format stores in key cities such as Beijing and Shenzhen over the next two years to meet specific customer demands and enhance the in-store experience.