In the News

IKEA lifts prices as lower currency hits costs

Geoff Riley

16th November 2017

A good example here of a business raising their prices following an increase in import costs after the depreciation of sterling against the Euro and US dollar in the wake of the June 2016 Brexit vote. IKEA remains highly profitable. But note their focus on climbing towards a 15% global furniture market share objective over the next decade.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

© 2002-2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.