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Business News

After several years of slashing prices, Ikea is now reversing course in the face of tariffs, The Wall Street Journal reports . Tolga Öncü, the retail manager at parent company Ingka, told the WSJ last week that the company will be raising prices on some items, as it can no longer “stay immune to absorb all the costs.” The decision follows the news that Ikea’s total retail sales fell for the second year in a row for the period ending in August, with sales at all locations declining 1 percent, even as the sales volumes rose by 3 percent. Plus, with the

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