Ikea says it's going to cut prices this year, and the company's comments on deflation should be setting competitors on edge

Ikea says it's going to cut prices this year, and the company's comments on deflation should be setting competitors on edge

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10 May 2021, Brandenburg, Waltersdorf: The logo of the furnishing company IKEA in the district of Schönefeld in the district of Dahme-Spreewald. Patrick Pleul/picture alliance/Getty Images Ikea's CEO told Reuters it will stick to planned price cuts even amid the Red Sea shipping crisis. Houthi…

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