{"id":517800,"date":"2022-11-28T21:09:20","date_gmt":"2022-11-28T18:09:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ikea-plans-to-cut-prices-despite-high-inflation\/"},"modified":"2022-11-28T21:09:20","modified_gmt":"2022-11-28T18:09:20","slug":"ikea-plans-to-cut-prices-despite-high-inflation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ikea-plans-to-cut-prices-despite-high-inflation\/","title":{"rendered":"#Ikea plans to cut prices despite high inflation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25724262658\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25724262658\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ikea-plans-to-cut-prices-despite-high-inflation\/#%E2%80%9CIkea_plans_to_cut_prices_despite_high_inflation%E2%80%9D\" >&#8220;Ikea plans to cut prices despite high inflation&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CIkea_plans_to_cut_prices_despite_high_inflation%E2%80%9D\"><\/span>&#8220;Ikea plans to cut prices despite high inflation&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Ingka Group, the owner of most\u00a0IKEA\u00a0furniture stores,\u00a0is planning additional price cuts\u00a0as some input costs ease, its retail manager told Reuters on Monday, a reversal from price hikes introduced last year to counter soaring inflation.<\/p>\n<p>The world\u2019s biggest furniture retailer\u00a0raised\u00a0prices in its fiscal year at the end of August to pass on soaring raw material costs and supply chain disruptions. But it was able to lower some prices again towards the end of the period as stocks started filling up and supply chains recovered.<\/p>\n<p>\u201cWe are optimistic to continue focusing on lowering prices where we can,\u201d Tolga Oncu, Ingka\u2019s head of retail, said in an interview on Monday. \u201cI am quite optimistic going forward.\u201d<\/p>\n<p>The moderation of some input costs, such as metal and sea transport, will allow the company to continue the reductions, Oncu said.<\/p>\n<p>Opportunities for efficiencies in operations will continue to help\u00a0IKEA\u00a0deliver profits while lower prices should attract new cost-conscious customers, he added.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-prices.jpg?w=1024\" alt=\"Tolga Oncu, head of retail at Ingka group which owns most IKEA stores worldwide.\" class=\"wp-image-24812790\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-prices.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-prices.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-prices.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>\u201cWe are optimistic to continue focusing on lowering prices where we can,\u201d said Tolga Oncu, Ingka\u2019s head of retail.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Brand owner Inter\u00a0IKEA, which is in charge of supply,\u00a0said\u00a0this month input prices had begun to stabilize, and that promotional campaigns and lower prices on some popular products would be key to attracting cash-str<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed shoppers.<\/p>\n<p>High inflation has forced consumers the world over to tighten their belts with aggressive central bank rate hikes adding to fears of a global recession and weaker demand.<\/p>\n<p>\u201cI think our business model really\u00a0focusing on lowering the prices and making sure we are even more affordable is paying off in times like this,\u201d\u00a0Oncu\u00a0said.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-cuts-prices.jpg?w=1024\" alt=\"Tolga Oncu, head of retail at Ingka group which owns most IKEA stores worldwide.\" class=\"wp-image-24812729\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-cuts-prices.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-cuts-prices.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-cuts-prices.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Lower prices should attract new cost-conscious customers, Oncu said.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Oncu was speaking on a visit to India, a market\u00a0IKEA\u00a0entered in 2018, and where it currently has three traditional giant out-of-town big-box stores and two smaller inner-city stores. India is one of its fastest-growing markets and it has said it plans to invest in further stores as well as shopping malls.<\/p>\n<p>It plans to open more stores in the Indian cities of Chennai in the south, Pune in the west and near the capital New Delhi.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/28\/ikea-plans-to-cut-prices-despite-high-inflation\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Ikea plans to cut prices despite high inflation&#8221; Ingka Group, the owner of most\u00a0IKEA\u00a0furniture stores,\u00a0is planning additional price cuts\u00a0as some input costs ease, its retail manager told Reuters on Monday, a reversal from price hikes introduced last year to counter soaring inflation. The world\u2019s biggest furniture retailer\u00a0raised\u00a0prices in its fiscal year at the end of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":517801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ikea-prices.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[136309,72937,75683,74132,5015],"class_list":["post-517800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-28-22","tag-furniture","tag-ikea","tag-prices","tag-retailers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=517800"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/517801"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=517800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=517800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=517800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}