Ikea stores record strong footfall as life eases back to normal in China

In this article (4)
Furniture and homewares giant Ikea is reporting a quick return of customer footfall to its stores in China as they reopen after the Covid-19 crisis.
The company opened another three of its large-format stores in Mainland China last week, including one in Wuhan city, and others in Germany and Israel, as movement restrictions were eased. More stores are scheduled to reopen this week.
Ingka Group, one of Ikea’s largest retail operating divisions, owns 45 shopping centers in China and Europe. It reported that customer footfall in the Chinese centers was back to the level of between 70 and 80 percent of the numbers at the same time last year.
Shopper confidence there was “recovering rapidly” a spokesperson for the company said.
Most Ikea China stores have now reopened and some have been trading since the end of last month.
However, the picture was a little less rosy in German, where 40 of its mall’s 57 tenants had reopened and visitor numbers were at 63 percent of a year earlier.
During the closures, Ingka waived rent and service charges for tenants and launched e-commerce initiatives to drive traffic to tenants’ websites. The company also helped tenants out with click-and-collect and home-delivery services.
Questions & Answers
Q.What is the current customer footfall at Ikea's Chinese shopping centres compared to last year?
What is the current customer footfall at Ikea's Chinese shopping centres compared to last year?
Customer footfall at the Chinese shopping centres owned by Ingka Group has returned to between 70 and 80 percent of the numbers recorded at the same time last year, indicating a rapid recovery in shopper confidence.
Q.Where did Ikea open new large-format stores last week?
Where did Ikea open new large-format stores last week?
Last week, Ikea opened three new large-format stores. These included one in Wuhan city, Mainland China, along with others in Germany and Israel, as movement restrictions began to ease.
Q.How did Ingka Group support tenants in Germany during store closures?
How did Ingka Group support tenants in Germany during store closures?
Ingka Group waived rent and service charges for its tenants in Germany during the closures. It also launched e-commerce initiatives to boost traffic to their websites and assisted with click-and-collect and home-delivery services.
Reader pulse
Ikea's swift recovery in China is a sign of:
19,899 votes so far