IKEA Tries Hard With $2.2B Effort, Its Biggest Ever Investment In US In Almost Four Decades

Swedish retail giant IKEA retailer Ingka Group plans to invest more than €2 billion ($2.2 billion) in the U.S. over the next three years.
This is the Swedish group's largest investment in almost four decades of operating in the U.S.
In the first phase, the company anticipates opening eight new stores and nine plan and order points, creating over 2,000 jobs.
In addition, IKEA US has also announced new locations in San Francisco, California and Arlington, Virginia, set to open this summer.
"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," said Tolga Öncü, Head of IKEA Retail, Ingka Group.
Ingka Group will also explore new opportunities in clean energy, circularity and affordable housing around the U.S.
With IKEA retail operations in 31 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales.

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