The Swedish retail giant closed its doors for good in Russia after earlier curtailing operations, creating a rush for its home products.
IKEA saw its Russian website overwhelmed as shoppers raced to buy products from the home retail giant in the midst of its exit from the country.
The Swedish retailer on Tuesday saw its final day of business in Russia after earlier announcing plans to close up shop in response to the country's ongoing invasion of Ukraine. IKEA is the latest Western company to sever ties with Russia after a wave of businesses earlier fled the country over pressure to renounce Moscow.
IKEA said on its Russian website that beginning July 5 its products could be purchased online"for a few weeks while stocks last." The retailer announced in March that it was temporarily closing its stores in Russia after the country had come under heavy international criticism for its military action against Ukraine.
The impending closure of IKEA's online retail presence in Russia and its liquidation sale spurred a rush on its website, causing it to crash on Tuesday, reportsHome retailer IKEA on Tuesday ceased business operations in Russia for good amid calls for Western businesses to curtail dealings with Moscow. Above, a shopper leaves the IKEA store in Moscow, Russia, on March 3, 2022.
of employees rapidly filing into a store in Khimki for a staff-only sale that included a 15 percent discount.
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