Ikea is investing $2.2 billion in expansion in the United States.
Ikea did not announce where the new stores will be built, only that there will be eight full-size stores and nine “Plan and Order” points.according to Ikea.
“The U.S. is one of our most important markets, and we see endless opportunities to grow there and get closer to the many Americans with affordable products and services,” Tolga Öncü, head of IKEA Retail, Ingka Group, said. The company will also create 900 new pick-up locations where customers can collect their online orders, according to the statement.
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IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and WayfairIKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet to win American customers as other big-box retailers close stores. Sweden's IKEA, which opened its first U.S. store in 1985, near Philadelphia, is seeking to win market share in the U.S. as cash-strapped consumers look for more affordable products. 'It is in all the states across the U.S. where we see opportunities, but I would say in particular the South, where we see big demand that we have not so far been able to respond to,' said Tolga Öncü, head of IKEA Retail at Ingka Group.
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