![]() "This investment is not a time-limited sale or offer," wrote the company. The company said it's investing $80 million in lowering prices on more than 1,500 products. In a statement emailed to CBC News, Ikea admitted that "many factors" go into whether a price can be reduced. The dark blue Billy bookcase with glass doors, for example, is dropping in price by about 20 per cent.īut not all bookcases - BIlly or otherwise - are dropping in price. That being said, some of Ikea's price decreases are more substantial than that rate of deflation. ![]() This means that furniture prices actually didn't show the effects of inflation, but the opposite - deflation. But as inflation eases, prices will remain high and some economists say that's a good thing. While the consumer price index showed that overall inflation was 3.4 per cent from December 2022 to December 2023, the rate of inflation for furniture over the same amount of time was -2.7 per cent.ĭuration 2:07 Canadians have been paying more for everything as prices surged during the pandemic. Ikea's move comes as furniture prices in Canada have dropped, according to Statistics Canada. Furniture prices in Canada actually deflated in 2023 And this is a big sword to wield … certainly a very difficult thing for virtually any competitor to match," Stephens said. "There aren't many companies that would have the kind of leverage and leeway within their operations that Ikea has. Stephens suggested competitors might have difficulty catching up. This gives Ikea a greater ability to unilaterally control costs, with "control over virtually every aspect of the supply and value chain," according to Stephens, who pointed out he believes the company would want to leverage that. 25, (Anis Heydari/CBC)ĭoug Stephens, founder of the Retail Prophet consulting firm in Toronto, pointed out that Ikea has more ownership of what goes into its products than other companies - it's involved in everything from manufacturing to shipping to the retail stores. Their versatility makes them ideal storage spots for your phones, media accessories, books, and everything in-between, whether you place these cube storage units in the bedroom, hallway, or living room.Ikea's website shows price reductions as of Jan. You can easily customise your cube storage by adding drawers, baskets, or shelves. And why stop there? Add some plants and pictures, or any other accessories that put your personality front and centre. You can also get creative by mixing and matching different models and colours to add personality to your space. For a modern look, go for a glossy white or black cube unit, or, if your space leans more towards the traditional, there are various hues that blend well with whichever expression you’re going for. Our range comes in a variety of colours, so you can easily coordinate these units with your home interior. This is where your creativity gets to shine, as our cube storage units are not only practical but also stylish. ![]() Pairing storage cubes with your home décor And if you’re not looking for open storage, we have storage cubes with drawers and doors too. Thanks to their open design, storage cubes will not only store your items, but they can create a wonderful display area for all sorts of collectibles. ![]() Our cube storage collection are available in various sizes to work in any space in your home. Is your library expanding but not your storage? Easy, there’s a shelving unit, or several, for that. A wall-mounted cabinet combination will create a sleek storage area for your memorabilia and decorative items in no time. Maybe your living room is coming up short on floor space and you don’t know where to keep your travel keepsakes. Our cube storage units come in different designs, so you can choose the perfect fit for your space. Plenty! But a longer explanation would include their versatility, minimalist looks, and overall ease of assembly and use. So why not think inside the cube? With our extensive range of cube storage, your various belongings get a home of their own, one that displays them in pristine fashion and orders them according to your needs. Whether it’s the trinkets that play hide and seek whenever you’re looking for them, or the heftier items that get in the way of your day-to-day, a home in disarray is never one’s cup of tea.
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