Posted 3/13/2024, 10:29:05 PM
Ikea Slashes Prices to Appeal to Inflation-Weary Shoppers
- Ikea announced it is reducing prices on hundreds of products in stores globally, with plans to further lower prices in coming months
- Price cuts aim to appeal to shoppers frustrated by inflation and tight budgets
- Customers documenting big discounts on Swedish furniture giant's already low-priced home goods
- Price hikes were introduced during pandemic when inventory was low and material costs high
- With shelves restocked, Ikea hopes lower prices will keep budget-conscious shoppers coming back
