IKEA’s largest store owner, Ingka Group, has announced a massive $2.2 billion investment plan for expanding its footprint in the U.S. over the next three years. This move includes the upgrade of existing IKEA stores in the country and the opening of 17 new locations – eight large retail outlets and nine smaller “plan and order points” stores where customers can seek expert advice and place orders. With this investment, IKEA aims to increase its brand presence and capture a significant share of the American furniture market.
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IKEA's $2.2B US Investment and Expansion: Unveiling 17 New Stores
Description
IKEA’s largest store owner, Ingka Group, has announced a massive $2.2 billion investment plan for expanding its footprint in the U.S. over the next three years.
Author
Susan Jane
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Fox Business
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