The furniture giant expects to reduce costs of more than 60 other items by April 2024. Read more at straitstimes.com.
SINGAPORE – Ikea Singapore lowered prices of 144 products in September, and expects to reduce costs of more than 60 others by April 2024, the furniture giant told The Straits Times on Monday.
He cited an ongoing global cost-of-living crisis, as well as an ease on the pressure of costs to its supply chain as “raw material prices, transportation costs are going in the right direction”, having soared at the beginning of the year. In response to ST queries, an Ikea spokesman explained that the Inter Ikea Group is responsible for the range and supply for 12 Ikea franchisees around the world.
For example, a Malm chest of six drawers is now priced $199, down from $249, while the Kallax shelving unit is now priced $89, down from $109. “That’s why we work hard to keep prices as low as possible on essential and best-selling items, so these savings count for the many Singaporeans looking to get the most for their home,” he added.
“We stand by our promise to be the most affordable, accessible and sustainable home furnishing retailer in the country.”
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