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.
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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.