Photo: Isopix/Zuma Press.
Ingka Holding BV, the biggest owner and operator of IKEA stores, said Thursday it would spend 2 billion euros, the equivalent of $2.19 billion, opening 17 new U.S. locations over the next three years. The investment will also be used to bolster its fulfillment network to improve its delivery services, the company said.
They should make houses..
cheap crap
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.
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