Sales in Russia are paused, but soon the company will arrange a sale of its products.
It is noted that IKEA will lay off some employees and sell all four Russian factories.
IKEA will sell stocks of goods in warehouses through the online store, it will happen “sometime in July”, said a source in Russia Forbes .
The press service of the Russian division of IKEA told RBC that over the past few months, the situation with business processes and supply chains has deteriorated sharply.
> span style = “font-weight: 400;”> IKEA offers the employee to resign of his own free will by paying several salaries. The Russian telegram channel “Caution News” reported that employees were offered to pay salaries to end of August.
On March 4, IKEA suspended sales in all stores. Only the exchange offices and the customer support center worked.
In Russia, IKEA has 14 stores in Mega shopping malls, several IKEA City city stores and design studios. In addition, the company has four factories in Russia: in Esipovo (Moscow region), Tikhvin (Leningrad region), Veliky Novgorod and the village. Chervona Polyana (Kirov region).
In fiscal 2021 (September 2020 to August 2021), IKEA increased sales in Russia by 31% (the company does not disclose the amount of revenue). The revenue of Ikea House LLC (manages IKEA stores in Russia) according to the RAS in 2020 increased by 6.7% to almost $ 2.17 billion.
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