Price hike coming to Ikea stores around the world as supply crisis worsens

Published

3 years ago

November 4, 2021

International retail store Ikea is set to raise prices as the mass disruptions caused by global supply chain issues worsens

Ikea will raise the prices of its products as global supply chains continue to deal with major disruptions, which is expected to last into next year.

On Wednesday, Ikea reported a drop in full-year profit due to higher transport and the costs of raw material.

In 2022, Ikea will begin to pass some of these costs on to its outlets, which will be free to then charge customers more, according to reports by Reuters.

Businesses around the world continue to struggle with supply chain problems as economies recover from the pandemic.

The Swedish furniture giant saw record demand during the pandemic as people spent more time at home.

However, pre-tax profit at Ikea Group – which makes most of its money selling goods to its franchisees – fell 16% in the year to September to €1.7 billion.

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending