Furniture Giant Ikea Cuts Prices on About 500 Products in Sweden
Ikea catalogs outside a store in Sweden.
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Swedish flat-pack furniture maker Ikea has decided to cut prices on almost 500 of its products in Sweden, with a focus on home storage items such as the ‘Billy’ bookshelf.
“To remain affordable we have focused a lot on lowering operating costs and improving our efficiency,” Elefteria Cromlidou, Country Commercial Manager of Ikea Sweden, said in a statement. She added that the furniture maker sees positive economic trends globally in terms of supply and commodity prices.