Ikea invests $2.2B in U.S. business

 

Ikea announced plans to invest over $2.2B to support its U.S. growth.   The funds will be spent over the next three years to develop the firm's omnichannel capabilities. Ikea's investment will be used to strengthen its fulfillment network and open new stores. The firm announced in 2022 that it would turn its stores into e-commerce delivery hubs. The store upgrades came as part of a €3B ($3.2) investment in its global operations. The $2.2B investment announced on Wednesday is the largest to ever target Ikea's U.S. business. The investment will establish 900 pickup locations, launch eight stores, and create over 2,000 jobs.