Ikea announces major price cuts on more than 700 products

Lovers of the iconic brand will be rushing to make the most of the plummeting prices before the items fly off the shelves.

One of Australia’s favourite homewares brands is slashing prices to help shoppers deal with the cost of living.

Retail spending volumes have fallen for the second straight quarter as cost of living pressures tighten the household budget.

ABS head of retail statistics Ben Dorber said on Tuesday it was the largest fall in retail sales volumes – outside the Covid pandemic – since the September quarter 2009.

To stay ahead of the curve, Ikea has dropped prices on more than 700 of its most popular items.

Better yet, the plummeting prices won’t be going up anytime soon.

Here are some of the top items for sale at shockingly low prices.

Alex desk, down $50 to $199

Alex desk has dropped to $199. Picture: Ikea

The sleek but simple Alex work desk, complete with two drawers and ample space to spread out your workload, has dropped a whopping $50.

Now available at $199.

Cylinder vases, down $6 to $25

Hornmal throw, down $5 to $20

The Cylinder vase set is down to $25. Picture: Ikea

The Hornmal throw is down to $20. Picture: Ikea

A range of design features and interior accents are available in the price markdown, including the cylinder vase set ($25) and the Hornmal throw ($20).

Stoense rug, down $30 to $269

Raskog trolley, down $20 to $49

The neutral-toned Stoense rug is the perfect item to fill out any bedroom or living space just as the colder weather settles in.

Now, just $269.

A popular organisation feature in Aussie bathrooms is the Raskog trolley in white.

The metal trolley is ideal for storing toiletries in an easy-access design, now selling for almost a third of the price at just $49.

Stoense rug drops to $269. Picture: Ikea

Raskog trolley just $49. Picture: Ikea

Variera pot lid organiser, down to $7

Tufjord upholstered queen bed frame, down $100 to $999

If you want to take some of the hassle out of cooking dinner, the popular pot lid organiser is now down to $7.

The versatile metal concertina can be stowed away in deep drawers and cupboards and works just as well to separate tupperware.

Variera pot lid organiser is now $7. Picture: Ikea

Tufjord bed frame drops to under $1000. Picture: Ikea

The Tufjord bed frame is upholstered in a soft velvet that comes in a range of colours.

The massive markdown has dropped the price below $999.

The price markdown is available online as of May 5.

Originally published as Ikea announces major price cuts on more than 700 products