Corona Virus Fear Grips International Retail Sector, Big Brands Shut Shop In China
Images Retail|February 2020
Not only are big brands and retailers temporarily shutting outlets in China, the Chinese origin virus will more likely than not impact transit retail worldwide…
Corona Virus Fear Grips International Retail Sector, Big Brands Shut Shop In China

IKEA TO CLOSE HALF ITS STORES IN CHINA OVER VIRUS OUTBREAK

Swedish furniture giant IKEA has temporarily closed half of its 30 stores in mainland China until further notice amid concerns over the deadly new corona virus.

“In response to the Chinese government’s call for strict and effective disease control, IKEA Retail China will temporarily close around half of the stores in mainland China until further notice, effective from January 29,” the company said in a statement.

According to a PTI report: IKEA had last week closed its store in Wuhan, the city where the outbreak originated in late 2019. Chinese authorities said that the number of confirmed deaths from the virus has risen to 132 nationwide, with the confirmed total of infections now nearly 6,000 worldwide.

IKEA said it was working with authorities in the cities and regions where it operates and was monitoring the situation closely and would act in accordance with their recommendations as this situation is evolving. IKEA employees at the affected stores were asked to stay at home until further notice with paid leave.

The company has a total of 14,000 employees in China. The outbreak is feared to have a serious impact on the global economy, with air traffic already disrupted and industrial production, international trade and tourism affected.

MCDONALD’S FOLLOWS IKEA, SHUTS ALL BRANCHES IN CHINA’S HUBEI

Diese Geschichte stammt aus der February 2020-Ausgabe von Images Retail.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der February 2020-Ausgabe von Images Retail.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS IMAGES RETAILAlle anzeigen
Building the Midmanagement is Critical in a Scaling Organisation
Images Retail

Building the Midmanagement is Critical in a Scaling Organisation

Nirav Jagad, Chief People Officer of Sugar Cosmetics speaks about ensuring the right! opportunities for the right talent in a complex omnichannel organisation that is on a fast track to growth

time-read
3 Minuten  |
December 2024
Uppercase Upping the Ante
Images Retail

Uppercase Upping the Ante

Travel gear brand Uppercase is upgrading the standard of luggage in India through innovative approach and prodcuts and sustainable practices

time-read
3 Minuten  |
December 2024
The Strategy is to Go City by City and Saturate Each
Images Retail

The Strategy is to Go City by City and Saturate Each

Gerard McGurk, Head of Retail and Commercial Operations at Index Living Mall and Mahesh M, CEO, Creaticity speak about Thailand's numero uno furniture brand's strengths, its India entry and strategy

time-read
8 Minuten  |
December 2024
Design and Experience Differentiate Indriya from Competitors
Images Retail

Design and Experience Differentiate Indriya from Competitors

Sandeep Kohli, CEO of Aditya Birla Jewellery’s Indriya about the brand’s strengths, strategies and aspirations

time-read
9 Minuten  |
December 2024
At Good Glamm, AI Chatbots Have Slashed Workload by 70-80%
Images Retail

At Good Glamm, AI Chatbots Have Slashed Workload by 70-80%

Deep Ganatra, Chief Product & Technology Officer (CPTO), The Good Glamm Group sheds light on the role of technology in the beauty and wellness industry and its impact on personalisation

time-read
7 Minuten  |
December 2024
How Blinkit, Swiggy Instamart, Zepto and Others are Redefining Shopping
Images Retail

How Blinkit, Swiggy Instamart, Zepto and Others are Redefining Shopping

A quick snapshot of India’s quick commerce landscape highlighting key players, challenges and opportunities

time-read
2 Minuten  |
December 2024
Electronics and Q-commerce: A Marriage of Convenience
Images Retail

Electronics and Q-commerce: A Marriage of Convenience

Why more and more electronics and gadget brands are taking to q-commerce

time-read
4 Minuten  |
December 2024
5 ways D2C Brands Can Leverage the Power of Technology
Images Retail

5 ways D2C Brands Can Leverage the Power of Technology

The direct-to-consumer (D2C) market in India is at an exciting juncture, with brands redefining how they operate, innovate, and engage with consumers. But what does the future look like for these brands as they adopt technology?

time-read
2 Minuten  |
December 2024
The Business of Offering Immersive Experiences
Images Retail

The Business of Offering Immersive Experiences

Shopping centers are using immersive experiences to attract more shoppers and boost business

time-read
2 Minuten  |
December 2024
5 ways D2C Brands Can Maintain the Growth Momentum
Images Retail

5 ways D2C Brands Can Maintain the Growth Momentum

D2C brands should embrace a customer-first mindset, leverage technology, and know when to expand offline to keep the growth momentum going

time-read
2 Minuten  |
December 2024