Factcheck this

IKEA markes down prices on furniture

2 like 0 dislike
in General Factchecking by Novice (820 points)
The article below states that IKEA is cutting prices in 2024. They announced it in late January about the news.
https://www.usatoday.com/story/money/shopping/2024/03/14/ikea-cutting-prices-2024/72968245007/

1 Answer

0 like 0 dislike
by Novice (530 points)

This claim is true. NBC interviewed Tolga Öncü, head of retail at Inkga Group, who is the biggest owner of Ikea stores. There are multiple quotes of him saying they are focusing on cutting down prices instead of profitablity since, "everyones wallets have been thinner". He explained the plan to reduce prices world wide in Ikea stores. 

https://www.cnbc.com/2024/03/12/ikea-cutting-prices-as-inflation-eases-and-more-could-be-on-the-way.html

Categories

Community Rules

Be respectful.

There is bound to be disagreement on a site about misinformation. Assume best intentions on everyone's part.

If you are new to factchecking, take some time to learn about it. "How to Factcheck" has some resources for getting started. Even if you disagree with these materials, they'll help you understand the language of this community better.

News Detective is for uncovering misinformation and rumors. This is not a general interest question-answer site for things someone could Google.
Posting

The title is the "main claim" that you're trying to factcheck.

Example:
Factcheck This: Birds don't exist

If possible, LINK TO to the place you saw the claim.
Answering

LINK TO YOUR EVIDENCE or otherwise explain the source ("I called this person, I found it in this book, etc.")

But don't just drop a link. Give an explanation, copy and paste the relevant information, etc.
News Detective is not responsible for anything anyone posts on the platform.
Snow Theme by Q2A Market
Powered by Question2Answer
...