IKEA Canada to Cut Prices on More Than 1,500 Products Citing Cost of Living

IKEA is promising price reductions on more than 1,500 products as part of an $80-million investment in its Canadian stores, citing cost of living concerns for customers. The Swedish furniture giant made the announcement this week, citing a recent company report that said household finances and disposable income are a concern for 45 percent of Canadians. “We know that in Canada, the cost of living and affordability is more important than ever as many Canadians face rising living costs and increased inflation,” IKEA Canada CEO Selwyn Crittendon said in a Jan. 24 press release. “Many are facing an affordability crisis and are struggling with fundamental costs such as housing, fuel, health, and food.”...