Ikea has faced a hit by Trump's tariff plan as profits plummeted for the popular flat-pack firm, but sale volumes are up and store visitors have increased too View 4 Images Ikea has seen a drop in profits, but a boost in sale volume

A popular furniture firm has reported a decline in annual profits after it focused on cutting prices to up the volume of sales, and implemented higher costs because of Trump's tariffs. ‌

Ikea, famous for its flat-pack furniture , said that its profit after tax for the 2024-2025 fiscal year dropped 32 per cent to €1.5 billion. According to the main holding company's chief financial officer (CFO), Henrik Elm, Ikea "saw effects based on the big price decreases." ‌

After Covid-19, the Swedish retail giant increased prices. But soon, they alloca

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