Ikea Closes 3 Russian Factories, While U.S. Stores Face Furniture Shortages

Swedish furniture giant Ikea suspended its operations in Russia and Belarus in response to the Ukraine invasion, closing three Russian factories and laying off 2,500 workers. Ikea also halted buying from its 47 Russian and 10 Belarus suppliers, ending imports to Sweden, and closed retail operations in Russia, laying off 12,500 according to a report […]