{"id":86911,"date":"2023-10-20T07:25:17","date_gmt":"2023-10-20T07:25:17","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/ikea-to-cut-furniture-prices-as-supply-chain-starts-to-ease\/"},"modified":"2025-09-19T09:00:55","modified_gmt":"2025-09-19T09:00:55","slug":"ikea-to-cut-furniture-prices-as-supply-chain-starts-to-ease","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/ikea-to-cut-furniture-prices-as-supply-chain-starts-to-ease\/","title":{"rendered":"Ikea to cut furniture prices as supply chain starts to ease"},"content":{"rendered":"

Ikea has promised to pass on cost savings to customers by cutting prices over the next year as pressures in its supply chain start to ease.<\/span><\/p>\n

The company said that it has a \u201cclear intention\u201d to reduce prices this financial year, ending next August.<\/p>\n

\u201cDespite economic and geopolitical instabilities, we remain committed to making a positive difference in our customers\u2019 lives; especially for those with the thinnest wallets,\u201d said UK and Ireland chief executive Peter Jelkeby.<\/p>\n

\u201cKnowing that our customers continue to navigate a cost-of-living crisis, we absorbed significant cost increases to mitigate price rises as much as possible, investing in promotions, special offers, and, for the first time, an Easter sale.<\/p>\n

\u201cAs we see supply chain costs start to ease, we have a clear commitment to lowering prices accordingly \u2013 ensuring we remain firmly on the side of the many people.\u201d<\/p>\n

It came as the business announced a 11.9% rise in turnover in the last financial year to \u00a32.5 billion. Globally, parent company Ingka Group\u2019s retail sales rose 5.7% to 41.7 billion euros (\u00a336 billion).<\/p>\n

The company said that 38.5% of its UK sales had been made online, up from 35.8% a year earlier.<\/p>\n

Mr Jelkeby said: \u201cOver the past 80 years, we have developed our offering, value chain and sales channels, supporting our vision to create a better everyday life for the many people.<\/p>\n

\u201cAs we look back on the last year and forward to the next 80, we constantly ask ourselves, how what we do today can be done better tomorrow.<\/p>\n

\u201cOver the past year, we have made significant investments on this journey to create a more accessible, affordable and sustainable IKEA, to meet the evolving needs of UK households.\u201d<\/p>","protected":false},"excerpt":{"rendered":"

Ikea has promised to pass on cost savings to customers by cutting prices over the next year as pressures in its supply chain start to ease. The company said that it has a \u201cclear intention\u201d to reduce prices this financial … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-86911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nIkea to cut furniture prices as supply chain starts to ease - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/ikea-to-cut-furniture-prices-as-supply-chain-starts-to-ease\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ikea to cut furniture prices as supply chain starts to ease - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Ikea has promised to pass on cost savings to customers by cutting prices over the next year as pressures in its supply chain start to ease. 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