The UK arm of Ikea has suffered a slump in its sales as under-pressure shoppers held off buying bigger-ticket items.

The Swedish furniture giant’s sales fell 5.3% to $49.34 billion in the 12 months to Aug. 31, after lowering the prices of its ...

Ikea UK has revealed a slump in sales for the past year as under-pressure shoppers held off buying bigger-ticket items.

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Last year, Ikea slashed prices to give inflation-weary customers a break, but revenue fell for the first time in four years.

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The Swedish company said sales amounted to 45.1 billion euros (US$49.3 billion) in its fiscal year ending in August, down 5.3 ...

IKEA Canada prioritized lower prices and continued investment in omnichannel transformation as fiscal year 2024 rang in $2.87 ...

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The UK arm of the Swedish homeware giant said retail sales dropped by 6.8% to £2.3 billion for the year to August.