Ikea stores coming soon to 8 new US locations
Ikea is planning to splash €2 billion (US$2.19 billion) to broaden its furnishings empire within the United States in what would be the retailer’s biggest-ever funding in a single nation.
Ingka Group, Ikea Retail’s Dutch holding firm, stated in a press release Thursday that it hoped to open eight giant shops and 9 smaller “plan and order points” in America over the subsequent three years. The new retailers would create 2,000 jobs, it added.
Ikea plan and order factors are aimed toward clients who need to communicate with a marketing consultant on easy methods to design their houses, in addition to place orders.
The actual areas of the brand new US shops haven’t but been determined, an Ingka spokesperson instructed CNN, although the corporate intends to construct up its presence on the east and west coasts, and make investments extra within the south of the nation.
Tolga Öncü, head of Ikea Retail, stated the corporate noticed “endless opportunities to grow” within the United States.
“More than ever before, we want to increase the density of our presence in the US, ramp up our fulfillment capacities, and make our range even more relevant to local customers’ needs and dreams,” he stated.
The firm already has 51 shops and two plan and order factors in America. And new Ikea areas — not coated by the €2 billion funding — are set to open in San Francisco, California, and Arlington, Virginia, over the summer time.
Ingka additionally stated it deliberate to make use of a part of its bumper funding to modernize its present US Ikea shops to allow them to ship out extra parcels.
Founded in Sweden in 1943, Ikea is the world’s largest furnishings retailer, with presence in 31 nations. Its shops at the moment are operated as franchises, with Ingka Group by far the largest franchisee, representing about 90 per cent of Ikea’s gross sales globally.
Öncü instructed the Financial Times Thursday that he anticipated the United States to overhaul Germany as Ikea’s greatest market when it comes to gross sales within the subsequent few years.
Ingka Group reported gross sales of €5.5 billion (US$6 billion) within the United States within the final monetary yr, which led to August 2022. It took €5.7 billion (US$6.2 billion) in gross sales in Germany over the identical interval.
