Ikea is to close its sourcing offices in Chengdu, Wuhan and Xiamen as part of a plan to better integrate its sourcing businesses in China. The Swedish retailer plans to lay off about 70 employees in the three offices and it will also shed staff in Shanghai, Guangzhou and Qingdao.

Currently, Ikea sources 30 per cent of its 9,500 products from Asia, led by China with 21 per cent. It has seven retail outlets on the mainland.