Subscribe to our FREE Newsletter , or Telegram and WhatsApp channels for the latest stories and updates. IKEA Malaysia plans to lower furniture product prices to help consumers cope with inflation and rising costs. Ikano Retail CEO Christian Roejkjaer said the company understands the challenges consumers face due to inflation and increased daily expenses.
From a global perspective, the retail industry has had a difficult year, and we have felt it deeply. However, we will work together to turn these challenges into advantages, which is also in line with the cultural essence of Ikano and IKEA. He stated in a press release that despite varying market performance, the company remains committed to lowering prices on essential and popular home furnishings, food, and services.
We’re passing on savings where we can because we know how tough it can be for households with thinner wallets. In the face of high inflation and rising living costs, the Swedish furniture brand supports consumers by investing in lower prices, helping Malaysians save on their purchases. Ikano Retail owns and operates an omni-channel business in Malaysia, including four IKEA stores: Cheras IKEA, Damansara IKEA, Batu Kawan IKEA, and Tebrau IKEA.
The company stated that IKEA has already lowered prices on over 2,000 products , the most important or best-selling items. As of August 31, 2024, Ikano Retail achieved sales of 5.18 billion ringgit in the 2024 fiscal year, an increase of 1.
3% compared to the previous ye.
