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“Change in behaviour”: Why Ikea’s Swedish meatballs are selling like hotcakes

Inside Retail

Driven by cost of living pressures, Ikea Australia reduced the prices of over 700 products in May as part of a strategy to reposition the brand as a home for good value and affordability. Spending and eating more According to Hasler, Ikea was mostly able to absorb additional costs that occurred in 2020.