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
This story is from the February 2020 edition of Images Retail.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2020 edition of Images Retail.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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
Uppercase Upping the Ante
Travel gear brand Uppercase is upgrading the standard of luggage in India through innovative approach and prodcuts and sustainable practices
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
Design and Experience Differentiate Indriya from Competitors
Sandeep Kohli, CEO of Aditya Birla Jewellery’s Indriya about the brand’s strengths, strategies and aspirations
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
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
Electronics and Q-commerce: A Marriage of Convenience
Why more and more electronics and gadget brands are taking to q-commerce
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?
The Business of Offering Immersive Experiences
Shopping centers are using immersive experiences to attract more shoppers and boost business
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
