Ikea is planning to splash €2 billion to expand its furniture empire in the United States in what will be the retailer’s biggest-ever investment in a single country. Ingka Group, Ikea Retail’s Dutch holding company, said in a statement Thursday that it hoped to open eight large stores and nine smaller “plan and order points” in America over the next three years. The new outlets would create 2,000 jobs, it added.
“More than ever before, we want to increase the density of our presence in the US, ramp up our fulfillment capacities, and make our range even more relevant to local customers’ needs and dreams,” he said. The company already has 51 stores and two plan and order points in America. And new Ikea locations — not covered by the €2 billion investment — are set to open in San Francisco, California, and Arlington, Virginia, over the summer.
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