Ikea says cutting prices ‘remains a priority’ after UK sales slide

Ikea says cutting prices ‘remains a priority’ after UK sales slide

Sales down nearly 7% to £2.3bn in year to August as number of items sold fell back and retailer lowered prices

Ikea has said price cutting “remains a priority” after sales at its UK business fell last year as hard-pressed shoppers cut spending on furniture and home improvement.

The Swedish group said UK sales fell nearly 7% to £2.3bn in the year to August as the number of items sold slipped back and it lowered prices.

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