Ikea, Trump

Ikea says Trump’s tariffs could push up prices
The chief executive of the company behind Ikea furniture stores says Donald Trump’s planned tariffs will make it more difficult to keep its prices low, joining a growing chorus of business leaders in warning of a potential hit to people’s wallets from the levies.
Trade tariffs make it harder to keep prices low, IKEA executive says
Trump has pledged big tariffs on imports from trading partners, causing concern among companies whose supply chains depends on smooth global trade.
Ikea profits down nearly 50% as fears of Trump tariff threats spook the Swedish retailer
Ikea took the unlikely approach of cutting prices as costs were rising. Now, Trump's tariffs could open up a whole new can of worms for the retailer.
Ikea CEO warns prices will jump under new Trump tariffs
Ikea CEO warns prices will jump under new Trump tariffs - Jesper Brodin, chief executive of Ingka Group said that the company had ‘never experienced a period of benefit’ when high tariffs had been imp
Ikea’s Largest Retailer Takes Hit on Profit After Price Cuts
Ingka Group, the largest Ikea retailer, saw a sharp decline in full-year profit after a round of price cuts and tough economic conditions weighed on the bottom line.
IKEA Store Owner Logs Slump in Profit Amid Efforts to Cut Prices
IKEA store owner Ingka Group posted sharply lower net profit in fiscal 2024 as investments in lowering prices for customers weighed on the company's bottom line. The company, which owns most IKEA stores globally and accounts for around 90% of retail sales,
Biggest IKEA retailer takes profit hit as price cuts dent sales
The world's biggest retailer of IKEA furniture on Wednesday reported a big drop in annual net profit after cutting prices in an attempt to coax more cost-conscious shoppers into its big blue stores.
IKEA warns Trump tariffs will make it hard to keep prices low
Tariffs planned by President-elect Donald Trump will make it harder for IKEA to keep prices low, the chief financial officer of the world’s biggest furniture retailer told Reuters on Wednesday. Trump has pledged big tariffs on imports from the United States’ three largest trading partners,
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IKEA Is Having a Rare Sale on This Iconic Vintage Piece from 1983 (It’s Under $100!)
Earlier this year, IKEA relaunched the iconic JÄRPEN wire armchair (now called SKÅLBODA) that was originally part of IKEA’s ...
The IKEA Cabinet An Interior Designer Can't Live Without
Looking for the perfect cabinet that won't cost you a fortune? Check out this popular IKEA cabinet that has earned the praise ...
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The Insane Story Behind IKEA: From Matches to a Global Empire
When you step into an IKEA store, you're not just walking into a furniture showroom—you're stepping into a brilliantly staged ...
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IKEA retailer takes profit hit as price cuts dent sales
IKEA's largest franchisee, Ingka Group, saw an annual net profit drop to €800 million due to price cuts aimed at attracting ...
I Just Discovered This New Furniture Brand That's Like "Elevated IKEA"
Luckily, now you don’t have to make that trade-off, thanks to an up-and-coming brand that’s like the Goldilocks of ...
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IKEA will pay 6 million euros to East German prisoners forced to build their furniture in landmark move
Furniture giant IKEA has agreed to pay 6 million euros ($6.5 million) towards a government fund compensating victims of forced labor under Germany’s communist dictatorship, in a move campaigners ...
Mexico's president says Trump tariffs will worsen inflation
President of Mexico Claudia Sheinbaum says Trump's threat of 25% tariffs would cause inflation for both countries.
What will be impacted by Trump's tariffs? Just about everything you touch
President-elect Trump is vowing he will impose new tariffs on Canada, China and Mexico, which are the country's three biggest ...