{"id":169033,"date":"2026-01-07T17:30:44","date_gmt":"2026-01-07T10:30:44","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/furniture-retailer-ikea-to-close-7-stores-in-china-amid-property-market-slump\/"},"modified":"2026-01-07T18:10:38","modified_gmt":"2026-01-07T11:10:38","slug":"furniture-retailer-ikea-to-close-7-stores-in-china-amid-property-market-slump","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/furniture-retailer-ikea-to-close-7-stores-in-china-amid-property-market-slump\/","title":{"rendered":"Furniture retailer Ikea to close 7 stores in China amid property market slump"},"content":{"rendered":"


\nIkea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country\u2019s weak property market and sluggish consumer spending, which have dampened demand for its goods.
\nFollowing a comprehensive review, Ikea China said the seven stores would cease operations from February 2. These are located in Shanghai\u2019s suburban Baoshan district, Guangzhou, Tianjin, Nantong and Xuzhou in eastern Jiangsu province, Ningbo in eastern Zhejiang province and Harbin in…
\n
\nSource : South China Morning Post
\nRead more…Furniture retailer Ikea to close 7 stores in China amid property market slump<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-169033","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-HYl","jetpack-related-posts":[{"id":36302,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ikea-considers-bamboo-and-new-materials-to-keep-prices-low\/","url_meta":{"origin":169033,"position":0},"title":"Ikea considers bamboo and new materials to keep prices low","date":"November 29, 2016","format":false,"excerpt":"\r Furniture retailer exploring ways to avoid passing rising costs to customers after sterling\u2019s fall over Brexit voteIkea UK is considering using different materials including bamboo in its furniture to keep prices down after Britain\u2019s vote to leave the European Union.Gillian Drakeford, the UK manager of Ikea, said the furniture\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113423,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/setback-for-ikea-rival-nidos-opening-inside-nzs-biggest-furniture-retailer\/","url_meta":{"origin":169033,"position":1},"title":"Setback for IKEA rival Nido's opening: inside NZ's biggest furniture retailer","date":"January 6, 2020","format":false,"excerpt":"\r A furniture retailer of a mass scale set to rival IKEA was to open its full offering last month but has struck delays at its 27,000sq m premises in Henderson.Vinod Kumar, managing director of Nido Living, said an extremely windy...\r \r Source : nzherald.co.nz\/Property\r Read more...Setback for IKEA rival\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172228,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ikeas-china-remodelling-parent-firm-puts-eight-former-retail-sites-on-block\/","url_meta":{"origin":169033,"position":2},"title":"Ikea\u2019s China remodelling: parent firm puts eight former retail sites on block","date":"July 20, 2026","format":false,"excerpt":"\r Ikea\u2019s parent company Ingka Group has hired property consultancy JLL as its sole sales agent to offload eight retail properties in mainland China, the multinational furniture brand\u2019s largest asset disposal since it entered the market nearly 30 years ago. Seven of the properties were Ikea stores that ceased their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102750,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ikeas-nz-launch-this-friday-ceo-to-make-first-visit\/","url_meta":{"origin":169033,"position":3},"title":"IKEA's NZ launch this Friday: CEO to make first visit","date":"January 8, 2019","format":false,"excerpt":"\r Ikea bosses will be in town this Friday as speculation mounts over where the first store will be located. The world's largest furniture retailer, whose stores got 838 million visitors in the latest financial year, makes its New...\r \r Source : nzherald.co.nz\/Property\r Read more...IKEA's NZ launch this Friday: CEO\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/living-space-invaders-ikea-launches-gaming-furniture-range\/","url_meta":{"origin":169033,"position":4},"title":"Living-space invaders: Ikea launches gaming furniture range","date":"September 16, 2021","format":false,"excerpt":"\r The interiors giant promises more than 30 new products including gaming desks, chairs and accessoriesNot content with dominating our living rooms, kitchens and bedrooms, Ikea is coming for our video game dens. The flatpack furniture giant has announced a new collection aimed specifically at game players.Set for release in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154356,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-retailers-capitalise-on-hong-kongs-retail-property-slump-to-expand\/","url_meta":{"origin":169033,"position":5},"title":"Japanese retailers capitalise on Hong Kong\u2019s retail property slump to expand","date":"May 27, 2025","format":false,"excerpt":"\r 3Coins, an Osaka-based retailer, plans to open an outlet in Causeway Bay, joining a list of Japanese businesses that are finding value amid a slump in Hong Kong\u2019s retail real estate market. 3Coins will open its first store in mid-July in Hysan Place and will carry Japanese products including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/169033"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=169033"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/169033\/revisions"}],"predecessor-version":[{"id":169034,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/169033\/revisions\/169034"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=169033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=169033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=169033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}