News Formal

IKEA annual sales slump, commits to price cuts amid weak housing market

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

IKEA Nieuws

Nederland Laatste Nieuws,Nederland Headlines

IKEA annual sales slumped 5% as consumers pull back on furniture purchases amid a weak housing market, according to an earnings report released Thursday.

IKEA annual sales have slumped as consumers pull back on furniture purchases amid a weak housing market, according to an earnings report.

“In all our markets we experienced a slowdown of the economy and a slowdown of the home furnishing industry, almost simultaneously,” Ingka Group CEO Jesper Brodin said.IKEA started cutting prices after seeing a drop in store visits and sold quantities. The more affordable prices improved store traffic and the amount of products sold, Brodin said.

The company expects to see a boost in sales next year thanks to lower interest rates in countries around the world.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 7. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Market power of retailers like Ikea, Bunnings and Petstock being scrutinised by Senate inquiryBunnings is Australia's most trusted brand. But allegations the hardware chain has been abusing its market power have prompted a Senate inquiry, that is set to scrutinise the market power of many large format retailers.
Bron: abcnews - 🏆 5. / 83 Lees verder »