IKEA plans to spend over $2.2 billion over the next three years to support its omnichannel growth strategy in the U.S.
The investment will be the largest that IKEA has made in its U.S. business in almost four decades since entering the market. The company plans to use the funds to open new stores and pickup locations closer to its customers.
“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,” Tolga Öncü, head of IKEA Retail, Ingka Group, said in a statement.
