Switzerland (Le Temps, Fre) – Furniture giant IKEA will not lower prices for its products in Switzerland this year, despite 15% growth in profits for the 2006-2007 fiscal year. The Swedish giant points to high prices for materials, and adds that Swiss consumers have been largely unaffected by the mortgage crisis in the United States, with spending remaining strong.
Ikea Switzerland’s expansion plans include a new store in St Gallen, currently under construction, and stores in Rothenburg, Lucerne and Vernier, Geneva.
Posted by Julie Schindall on 28 September 2007 at 14:46, last updated on 19 August 2008 at 14:40 |
permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 28 September 2007.
Filed under: Uncategorized
Tags: Swiss news
You can leave a response, or trackback from your own site.
We are happy to have your comments,
which are approved before they appear: please remember to be courteous and brief.
We accept only comments directly related to an article. We do not accept comment
spam - messages sent to more than one site. We do not publish comments if the
e-mail address is not legitimate. Thank you!