Ikea invests €1.2 billion in Europe price cuts

Swedish budget furniture retailer Ikea announced a new wave of price cuts as it tries to boost demand in Europe, at a time when the surging cost of housing in many countries has dented people's ability to move and curbed spending on furniture and homeware.

The move comes after two consecutive years of falling revenue.

Ikea invests €1.2 billion in Europe price cuts to lure cautious consumers  Reuters