Dive Brief

Despite the damage to the bottom line, the home goods giant will continue to tamp down prices for franchisees and customers this year.

The storefront of an Ikea in Charlotte, NC

Ikea’s net profit declined by nearly a third in fiscal 2025 as the company worked to mitigate the impact of tariffs and rising materials prices for franchisees and customers.

Nate Delesline III/Retail Dive