Ikea Slashes Prices on Thousands of Products in U.S. and Abroad Amid Falling Costs
- Ikea recently cut prices on hundreds of products in the U.S. and plans more reductions in coming months as costs ease
- In January, Ikea cut prices by an average of 20% on 2,000 products in Germany
- In Sweden, prices were reduced on 2,500 products
- In Canada, over 1,500 products had price cuts
- Earlier European price cuts led to more customer traffic and items sold, per Ikea's retail head