Ikea raises prices after rise in import costs from Brexit

Ikea raises prices after rise in import costs from Brexit
 

Swedish retailer Ikea has increased prices on some UK products after being confronted by higher import costs following sterling’s slump since the Brexit vote.
• READ MORE: Game of Thrones admit to using Ikea rugs for actors’ costumes
While it tried to shield consumers, the flatpack furniture firm still boosted price tags by 3.6% in some areas to counter a 13.7% jump in the cost of imports.
Ikea unveiled the Brexit impact as it gave an update on its UK performance, with total sales rising 6% to £1.8 billion in 2017.
The retailer said its share of the market had increased by 0.5%, bringing it... read more

 
14 November 2017 in Business, Views: 56
Source: Scotsman
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