SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EQUITY ARTICLE M impact

IKEA cuts prices 15%-25% on 1,500+ European products

IKEA will cut prices by 15%-25% on more than 1,500 products across Europe, starting immediately, to attract customers pressured by higher living costs.

IKEA

By Dominic ChoppingSTOCKHOLM--IKEA is cutting prices by 15%-25% on more than 1,500 products in Europe as it seeks to entice customers that remain under pressure from higher living costs.The price cuts, which start immediately, come after the Swedish furniture group invested heavily last year to bri…