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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I have some crappy ikea shelves to give away
With 1.5 billion to make instructions in English finally
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix is winding down its DVD business after 25 years | CNN BusinessNetflix is officially winding down the DVD business that helped make it a household name CNN is fake news... You people are non-essential. They are still doing this? I had no idea they were still doing this.
Source: CNN - 🏆 4. / 95 Read more »
Global corporate defaults highest since the pandemic in 2020 | CNN BusinessMore companies around the world defaulted on their debts in the first three months of this year than in any quarter since late 2020, when businesses were still hamstrung by restrictions to stop the spread of Covid. Way to go Joe Biden
Source: CNN - 🏆 4. / 95 Read more »
The Netflix password crackdown may finally be happening | CNN BusinessNetflix on Tuesday said it will move forward with a broad rollout of its paid account sharing option in the second quarter, after having delayed it during the prior quarter.
Source: CNN - 🏆 4. / 95 Read more »
FTC chair Lina Khan warns AI could 'turbocharge' fraud and scams | CNN BusinessArtificial intelligence tools such as ChatGPT could lead to a 'turbocharging' of consumer harms including fraud and scams, and the US government has substantial authority to crack down on AI-driven consumer harms under existing law, members of the Federal Trade Commission said Tuesday.
Source: CNN - 🏆 4. / 95 Read more »