Ikea announced it would invest more than $2.2 billion into upgrading its stores and adding more than a dozen new locations around the U.S. It will also provide more pick-up options for online orders and work to strengthen its product offerings.
In 2020, Ikea took in $4.7 billion in total sales just in the U.S., and that number appears to only have increased since then. After all, 14% of the $48.97 billion that the company took in worldwide last year is around $6.8 billion. The company said improving access to its stores across the U.S. would help build on its financial success.
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