IKEA Makes Biggest Ever Investment in U.S. With 17 New Stores
IKEA is making its largest-ever investment in new American stores, betting on strong U.S. demand for its flat-pack furniture.
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.
IKEA is making its largest-ever investment in new American stores, betting on strong U.S. demand for its flat-pack furniture.
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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