# Ikea Cuts Prices to Boost Sales

> Ikea slashes prices on 1,500 products to reverse sales decline.
- Title: Ikea Cuts Prices to Boost Sales · BigGo Finance | Shortify
- Summary: Ikea slashes prices on 1,500 products to reverse sales decline. Ikea reduced prices by up to 28% on 1,500 European products to counter a 1.8% drop in annual…
- Keywords: ikea, price cuts, sales decline, operating profit, store closures, city stores, financial results, fiscal year, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/d9d86dd0-a0ba-49fe-9952-f16199e2e3eb
- Author: BigGo Finance
- Published: 2026-11-06T15:35:35+00:00
- Read time: 1 min
- Topics: ikea, price cuts, sales decline, operating profit, store closures, city stores, financial results, fiscal year, finance, markets
## Ikea Sales Decline
Ikea reported a 1.8% drop in system-wide retail sales to €43.8 billion for the fiscal year ended August.
## Operating Profit Falls
Operating profit dropped 12% to about €1.5 billion due to cost pressures and inflation.
## Price Cuts on 1,500 Products
Ikea cut prices by up to 28% on roughly 1,500 European products in September.
## Price Investment
The company committed about €1.2 billion to customer price reductions in the past two years.
## Store Network Adjustments
Ikea opened 30 small-format city stores while closing eight large outlets, seven in China.
## CEO and CFO Statements
Chief Executive Jakub Jankowski and CFO Henrik Elm expect a return to growth after two years of decline.
## Key takeaway

Ikea reduced prices by up to 28% on 1,500 European products to counter a 1.8% drop in annual sales to €43.8 billion.