Ikea announces that it will lower the price of its most popular products

by time news

2023-10-12 20:58:36

Ikea continues to make profits and this year it will have a wink with its customers. The CEO of the Swedish multinational in Spain, Nurettin Acar, has announced that in the current context marked by inflation, Ikea intends to make a “special effort” to lower the price of its most in-demand products.

Ikea’s sales in Spain, which has an establishment in Barakaldo in Bizkaia, have increased by 7.4% more in its last fiscal year, between September 1, 2022 and August 31, 2023, reaching 1,954 million euros, as reported by the company in a statement. Specifically, the Swedish multinational’s online sales have increased by 14.8%, to 466 million euros, a figure that represents 24% of total turnover. The Swedish multinational has highlighted that its ambitious expansion plan has been fundamental in exceeding 41.6 million physical visitors, which represents 7.2% more than the previous year.

The CEO was pleased with the results recorded. “It has been an exercise in which, once again, we have managed to improve ourselves while facing great challenges,” he indicated. Acar has also announced that the Swedish multinational will continue to grow in Spain. «Not only have we managed to be increasingly closer to citizens thanks to an ambitious expansion plan with the opening of 24 new points of contact and similar provision for this, but we work intensely to reach each client in the best possible way and ensure the best price,” he indicated.

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