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How Ikea is doubling down on price cuts to attract cost-conscious customers [MSNBC.com]

Costco Wholesale Corporation (COST)  More Company Research Source: MSNBC.com
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
Ikea shoppers will see price cuts of up to 50% at many of the company's restaurants globally, as the Swedish retail giant aims to attract cost-conscious consumers.The steep price cuts will be a temporary measure to help consumers "stretch their budgets" at a time of heightened economic uncertainty and high cost-of-living pressure, the company said, without specifying when the cuts will come into effect. The home and furniture retailer said it would also offer free meals for children."Consumer confidence has decreased. People are holding on to the money that they have in their pockets or in savings," Tolga Öncü, COO at Ikea , told CNBC's Emily Tan Wednesday.The flat-pack furniture seller slashed wholesale prices byan average of 15% last yearEfforts to enhance affordability cost 2.1 billion euros to the company last year, according to Öncü, even as lower prices saw revenue dropabout 9%decline 5.3%Ikea also plans to open 58 new stores globally during fiscal year 2025 ending in August, wi [Read more]
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Stockreport

How Ikea is doubling down on price cuts to attract cost-conscious customers [MSNBC.com]

Costco Wholesale Corporation  (COST) 
More Company Research Source: MSNBC.com
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
Ikea shoppers will see price cuts of up to 50% at many of the company's restaurants globally, as the Swedish retail giant aims to attract cost-conscious consumers.The steep price cuts will be a temporary measure to help consumers "stretch their budgets" at a time of heightened economic uncertainty and high cost-of-living pressure, the company said, without specifying when the cuts will come into effect. The home and furniture retailer said it would also offer free meals for children."Consumer confidence has decreased. People are holding on to the money that they have in their pockets or in savings," Tolga Öncü, COO at Ikea , told CNBC's Emily Tan Wednesday.The flat-pack furniture seller slashed wholesale prices byan average of 15% last yearEfforts to enhance affordability cost 2.1 billion euros to the company last year, according to Öncü, even as lower prices saw revenue dropabout 9%decline 5.3%Ikea also plans to open 58 new stores globally during fiscal year 2025 ending in August, wi [Read more]
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COST
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Price Change %
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EVENT DAY
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LAST PRICE AT
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SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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Low:
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%
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