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IKEA Closes Stores Worldwide



During the closure of IKEA stores, 18 thousand employees will receive various benefits and paid vacations.
IKEA Groningen

IKEA has announced its intention to close all stores in the U.S. amidst the spread of Covid-19. Only the online shop of the Swedish retailer will continue to work on the territory of the state. Currently, IKEA has 50 large-format stores in the U.S. in its portfolio.

"Unprecedented times require unprecedented measures. We take seriously our role in containing this epidemic and recognize the positive impact that our actions can have on improving the lives of millions of people affected by this crisis," commented Javier Quinones, IKEA's Head of Business in the United States. 

It is reported that after the closure of 18 thousand employees, the company will receive various benefits and paid breaks. Earlier, several major retailers, including Nike and Adidas, reported the payment of wages during the closure of retail stores in the U.S.

In March, IKEA already suspended retail stores in fourteen countries, including Italy, Spain, France, and Germany. It is not yet reported what losses will result from the suspension of the company's operations in the world's leading markets.  

As of 20 March 2020, IKEA is suspending stores in 20 countries: China, Canada, India, Austria, Belgium, Croatia, the Czech Republic, Hungary, Spain, Italy, Germany, France, Denmark, the Netherlands, Poland, Portugal, Slovakia, Switzerland, the UK, and Ireland. The opening of stores may take place no earlier than 23-29 March in several countries. In Switzerland, IKEA has suspended operations until 19 April, and in most markets - until a particular order. 

More about shopping malls in the USA

Mar 26, 2020, USA:
McDonald's restaurant chain is forced to revise the menu as the coronavirus spreads.
Mar 26, 2020:
To support as many people as possible during difficult times, Nike makes its applications with exercise programs and video training available to everyone.
Mar 25, 2020, USA:
According to the company, it will gradually reopen stores in the regions where this situation allows.
Mar 24, 2020, Sweden:
The total number of closed stores around the world reached 3440 out of 5060.
Mar 24, 2020, United Kingdom:
McDonald's employees in Germany who are temporarily unemployed will be provided with Aldi discounter.
Mar 23, 2020, Spain:
Inditex Group, the largest fashion retailer in the global market in terms of revenue, began massively closing stores amid the spread of Covid-19.
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