IKEA plans new US stores in $2.2 billion push to challenge Walmart and Wayfair
Written by Black Hot Fire Network on April 20, 2023
LONDON, April 20 (Reuters) - IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet to win American customers as other big-box retailers close stores.
Sweden's IKEA, which opened its first U.S. store in 1985, near . . .
