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IKEA announces $2.2B US investment, 17 new stores

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IKEA's largest retailer, Ingka Group, says it plans to invest more than $2 billion in the U.S. over the next three years, including 17 new stores, in a major expansion.

Kodiak Robotics founder & CEO Don Burnette discusses his deal with IKEA for autonomous trucks on 'Varney & Co.'Ingka Group, the largest IKEA store owner that represents roughly 90% of the brand's

, announced Thursday it plans to invest $2.2 billion over the next three years in the U.S., marking its largest investment in the country to date.The company said it plans to upgrade current locations in the U.S. as well as open 17 new IKEA stores in the first phase of its plan, with eight of its big-box retail locations and nine "plan and order points," which are smaller stores where customers can get advice and place furniture orders.

Customers shop following the opening of an IKEA store in Nice, France, May 11, 2022. Another 17 IKEA stores will be coming to the U.S. as part of a major expansion.

 

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IKEA Makes Biggest Ever Investment in U.S. With 17 New StoresThe furniture company is betting on strong U.S. demand for its flat-pack with more than a dozen new stores focused in southern states. They aren't betting on a strong US economy, they are betting people will be downshifting to less-expensive furnishings. Everyone expects at least some degree of recession and high inflation continues to erode our buying power. cheap crap They should make houses..
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