While many companies are downsizing right now, IKEA is expanding. The company's head of IKEA Retail said, 'The US is one of our most important markets.'
The Swedish furniture chain IKEA announced plans Thursday to invest $2.2 billion in a major push to expand its business in the United States over the next three years.
"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," said Tolga Öncü, Head of IKEA Retail, Ingka Group. IKEA currently has 51 stores in the U.S. and two"Plan & Order Points," but the company says it wants to expand its footprint to bring IKEA closer to customers, both physically and digitally.
IKEA is the world's largest furniture retailer — with stores in 31 countries — and sells ready-to-assemble furniture, home accessories, and kitchen appliances.
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