IKEA will officially close 7 stores.

On February 2nd, 7 IKEA stores will officially cease operations. On January 29th, IKEA China told reporters that terminating the operation of the 7 stores cannot simply be defined as "closing". The original intention is to embrace change in a challenging and opportunistic market environment, maintain resilience in innovation, and reach and cultivate the Chinese market more efficiently through omni-channel strategies.