Ingka Group has revealed a significant reduction in the cost of meals at IKEA restaurants from Monday to Friday across global markets.

The Ratings Game GameStop price target cut as analyst cites retailer’s lack of strategy Videogame retailer and original meme stock GameStop reported second-quarter results late Tuesday ...

IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but it expects a ...

Inter IKEA, the owner of the world's biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its ...

IKEA annual sales slumped 5% as consumers pull back on furniture purchases amid a weak housing market, according to an earnings report released Thursday.

However, Ikea wouldn’t specify when the price cuts and free kids’ meals would come into effect. It’s also unclear how long the food deals will be in place for.

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.

Price cuts impacted Inter IKEA's wholesale sales to retailers and also hit Inter IKEA's franchise fee of 3% of net sales that it collects from them.

The price adjustment is part of Ingka Group's broader strategy to enhance the customer experience.