Lyu Mei, head of strategic consulting for JLL East China, said in addition to the paradigm shifting from "China for China" to ...

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 ...

The firm plans to open more than 10 small-format outlets in key cities over a two-year period Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the ...

“We saw in Russia that things can go wrong when you go too fast. We want to secure the competence and the Ikea culture in markets before building too many stores,” Mikael Ohlsson, chief executive, was ...

The review kicked-off six months' ago and included OMD, Optimedia, Starcom and Maxus in the preliminary rounds. According to A.C. Nielsen, Ikea's media spend in China was US$7 million in 2009. MEC ...