IKEA cuts 850 jobs after 2 years of falling sales
NewsBytes | May 18, 2026 8:39 PM CST
IKEA net profit fell 4%
IKEA's profits have taken a hit from inflation, expensive energy bills, and supply chain issues, so they had to raise prices previously, which made sales dip even more.
Their net profit reportedly dropped 4% to €1.5 billion ($1.6 billion).
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