Business

Russians pack up Ikea after furniture retailer announces closures

Russian shoppers flocked to local Ikea stores this week after the furniture retailer announced it would temporarily halt operations in the country and neighboring Belarus following Russia’s invasion of Ukraine.

Photos showed long lines forming at the chain’s Russian locations as shoppers filled their shopping carts with items in what could be their last chance to shop at the retailer for some time. It is unclear how long the shops will remain closed.

The Swedish retailer said the closures would affect all of its 17 retail locations in Russia, but the affiliated malls would remain open “to ensure the many people in Russia have access to their daily needs and essentials such as groceries, groceries and pharmacies.” ”

“The war has already had a tremendous impact on people. It also causes serious disruption to supply chain and trading conditions. For all these reasons, the business groups have decided to temporarily suspend IKEA operations in Russia.” Ikea said in a blog post to explain his decision.

The company also halts all exports and imports to the countries and closes manufacturing facilities. Ikea acknowledged the changes would have a “direct impact” on about 15,000 employees.

Ikea lines in Russia
It is unclear how long the Ikea closures in Russia and Belarus will last.
SOPA images
Ikea lines in Russia
Russians packed Ikea stores to stock up on supplies ahead of the closures.
SOPA images

“The business groups’ ambitions are long-term and we have secured employment and income stability for the immediate future and support them and their families in the region,” the company added.

Ikea is one of countless international companies to limit – or shut down – operations in Russia in the wake of the invasion. Some have cited operational difficulties in their decisions, while others have outright condemned the Kremlin for the unprovoked attack.


Get the latest Update in the Russia-Ukraine conflict with live coverage of The Post.


In the US, tech giant Apple announced it would halt all product sales in Russia following the invasion. And Alphabet-owned Google said it would pause ad sales in the country.

Ikea lines in Russia
Ikea said the temporary hiatus would affect 15,000 workers.
SOPA images
Ikea lines in Russia
Ikea said the war between Russia and Ukraine is already having an impact on its supply chain.
SOPA images

The loss of large companies could increase pressure on Russian President Vladimir Putin and the broader Russian economy – which also faces crippling economic sanctions from the US and other nations.

https://nypost.com/2022/03/04/russians-pack-ikea-after-furniture-retailer-announces-closures/ Russians pack up Ikea after furniture retailer announces closures

DUSTIN JONES

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button