According to several Dutch newspapers, IKEA and Action will cut prices in 2024, and the price reductions are due to lower costs, mainly in transport and raw materials**.
IKEA** dropped by an average of 20%.
According to de Telegraaf, IKEA will cut prices by an average of 20%. About 2,700 products will be cheaper than last year, in large part due to lower transportation** and lower raw material costs after a period of high inflation. Both IKEA and Action decided to use cost reductions to lower the product** rather than put profits in their own pockets.
This time** also included cleaning up a large number of products. According to RTL Nieuws, by 2024, about 40% of its inventory, or about 2,500 products, will start at a lower rate
Both businesses have lowered their ** in 2023.
Both companies have already started cutting prices in 2023, with Action reducing the ** for 900 products and IKEA for 600 products**.
The outbreak of the pandemic, regional conflicts, and international uncertainty have led to fuel*** driving up transport**. With this now subsided, businesses can start to lower it further in 2024**.
This article is compiled by the Sino-Dutch Business Daily, **Please indicate the source!