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IKEA Claims That Its Rising Costs Are Based on Its Sales

Image of Supply Chain Woes story at IKEA prices'

Picture: Stephen Chernin (Getty Images)

Bad news for furniture buyers out there: On Thursday, IKEA confirmed that the company was raising prices for a good portion of its old budget-friendly booklet.. The IKEA offender is on trial because rising prices are — you think — dangerous.

“[U]fortunately, there has been a significant increase in all retail prices, including equipment, transportation and freight, “said a member of the company’s support team. tweeted outside earlier this week. “As this continues, it is important to raise prices for many of our products.”

The consequences of selling goods are not limited to furniture sellers; tech titans, fashion, and even ketchup sellers all have felt the economic impact of COVID-19. To sum up: the global blockade has led to a mass exodus of people. This increase led to the arrival of cargo ships closing ports and their goods not delivered, when shipping costs ascending to heaven across the board.

And there many pieces Concerned neo-hippies and their global warming, i’ll tell ya.

“Prices vary widely but are in line with what we see around the world at Ikea, which is an increase of about 9% in all countries and in terms of inflation,” the IKEA spokesman said. told The Guardian in a sentence. “Depression remains at the heart of our business, and our goal must always be to continue to provide quality, affordable home-based equipment to more people.”

However, at a time when many IKEA customers are feeling it their financial problems from the epidemic, it is hard to see the kind of budget-loving people failing at these things. And as reported in The Guardian, IKEA’s rise in prices appears to be more than a 9% increase for the speaker; looking at the company’s storehouses, prices for other items went up up to 50% in the last few months alone. A desk that was once $ 99 (approximately $ 134 USD) jumped to £ 150 (approximately $ 203 USD), a day bed that used to be $ 215 (about $ 290) is now $ 279 (about $ 377). For some consumers, this is a bit cheaper the elections are now out of their budget.

This new statement may sound strange to some, but IKEA has already warned us that inflation is imminent. In an annual financial summary released last November, the company said maintaining its stores and warehouses was “difficult,” and expensive.

“The global epidemic has affected our earnings in FY21. The main culprit was a sharp rise in commodity prices in the second half of the financial year,” wrote IKEA at the time. ” to FY22. ”

Alternatively: expect prices at IKEA to rise until the new year. If you are looking for an affordable coffee table right now, it might be best to look for antiques in your area.

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