The cuts come as the company contends with softening consumer demand and what it has characterised as growing geopolitical and economic turbulence in the retail sector.

IKEA is closing a number of its large-format stores in China as it reworks how it reaches customers in a market reshaped by a prolonged property downturn and tougher competition. The Swedish furniture ...

Monday - Friday, 11:00 - 12:00 SIN/HK | 0500 - 06:00 CET IKEA India CEO Patrick Antoni says the brand is blending online and physical stores to offer an omnichannel experience. The company adapts some ...