Factcheck this

IKEA markes down prices on furniture

+2 votes
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 votes
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

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