IKEA’s largest retailer unveils €2b investment push in the U.S.
Investors - APRIL 21, 2023

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IKEA’s largest retailer unveils €2b investment push in the U.S.

by Kali Persall

Ingka Group, the largest IKEA retailer, has announced an investment of more than €2 billion ($2.2 billion) throughout the next three years to open new store locations and expand omnichannel growth in the United States. This marks the company’s largest investment in nearly four decades of operating in the United States.

Ingka aims to open new stores and locations to meet customers, strengthen its fulfillment network to secure better delivery options and provide a product offer that reflects the needs of life at home in different regions across the country. In the first phase, the company plans to open eight new stores and nine plan-and-order points. In addition, IKEA U.S. also is opening new locations in San Francisco and Arlington, Va., this summer.

“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 at I

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