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IKEA Mattress Price Surge
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A viral TikTok video reveals a substantial price surge in an IKEA mattress, triggering public outcry. IKEA responded by introducing a 'New Lower Price' initiative in 2023, addressing criticism over steep price hikes. CEO Javier QuiƱones reiterated IKEA's dedication to affordability and accessibility.
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How might IKEA's pricing strategies impact its market position and consumer trust?
What broader implications does this incident suggest about the current retail landscape and consumer expectations?
What measures can companies take to address price inflation and maintain customer loyalty?
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