IKEA to close seven China stores from February 2026 [Yahoo! Finance]
JD.com, Inc. - American Depositary Shares (JD)
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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Source: Yahoo! Finance
The locations scheduled for closure are IKEA Shanghai Baoshan, IKEA Guangzhou Panyu, and IKEA Tianjin Zhongbei, along with stores in Nantong, Xuzhou, Ningbo and Harbin. The company said the decision forms part of an optimisation exercise aimed at improving efficiency across its physical and digital channels. Customers affected by the closures will continue to be served through other IKEA stores in the same cities where available, as well as through the retailer's online operations. These include its website and mobile apps, a WeChat shoppable mini-programme, and flagship stores on major e-commerce platforms such as Tmall and JD.com. IKEA said China remains a strategic market for the group. The company began sourcing from the country in the 1960s and opened its first Chinese store in 1998. It has since developed an end-to-end value chain encompassing product development, sourcing, manufacturing, logistics, retail and digital operations while shifting from a traditional “cash
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JD
Earnings
- 11/13/25 - Beat
JD
Sec Filings
- 1/8/26 - Form 6-K
- 12/31/25 - Form 144
- 12/31/25 - Form 144
- JD's page on the SEC website