Ikea is hoping price cuts can prop up sales

By Agence France-Presse

Oct 14, 2023 12:10 am

STOCKHOLM: Swedish furniture giant Ikea said on Thursday it was counting on price drops launched in September to stem two years of falling sales volumes attributed to soaring inflation.

The company reported on Thursday a 6.6-percent rise in sales for the full year to 47.6 billion euros ($50.2 billion).

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