Amid a cost-of-living disaster, Ikea Canada says it has lowered its costs for tons of of things this previous month as a part of the corporate’s persevering with push to make residence furnishing extra inexpensive.
The transfer comes amid continued scrutiny of value will increase over current years for shoppers — usually centring round grocery and meals costs — and as polling completed earlier this yr for Global News confirmed that affordability stays Canadians’ high concern.
The residence furnishing retailer mentioned in a information launch Wednesday that it diminished costs for an additional 800 merchandise in April.
Selwyn Crittendon, CEO and chief sustainability officer at Ikea Canada, mentioned the retailer is “continuously hearing about nearly half of Canadian households facing financial challenges and the constant pressure to make ends meet.”
“IKEA Canada’s commitment to affordability is a promise to our customers – it’s about siding with the many Canadians during challenging financial times, and our promise to live up to our vision of creating a better everyday life at home by taking price reductions on the products Canadians value and need the most,” Crittendon mentioned.
Ikea merchandise that noticed new value reductions in April embrace the Kallax bookshelf collection, the Malm bedframe, the Nämmarö outside furnishings collection and a number of other objects from residence textiles, cookware and lighting, the retailer mentioned.
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Other merchandise which have seen costs lowered are the Nymane flood lamp from $64.99 to 49.99, the Hållbar bin with lid from $17.99 to $14.99 and the Millberget swivel chair from $329 to $179.
This comes as the general value of family furnishings and tools dipped 0.3 per cent yr over yr final month, in response to Statistics Canada’s newest inflation report launched final week.
The annual value of family home equipment went down by 3.8 per cent in March, and the worth of non-electric kitchen utensils, tableware and cookware dipped 11.6 per cent yr over yr, StatCan information confirmed.
However, annual furnishings costs had been up 0.5 per cent in March.
Overall, Canada’s annual inflation fee rose barely final month, accelerated largely by greater gasoline costs.
Late final yr, U.S. President Joe Biden took intention at firms that haven’t lowered costs for shoppers as inflation stabilized and provide chain disruptions eased, accusing them of “price gouging.”
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