Ikea is planning to splash $2.19 billion to expand its furniture empire in the United States.
Ikea is planning to splash $2.19 billion to expand its furniture empire in the United States in what will be the retailer's biggest-ever investment in a single country.
The exact locations of the new US stores have not yet been decided, an Ingka spokesperson told CNN, though the company intends to build up its presence on the east and west coasts, and invest more in the south of the country. The company already has 51 stores and two plan and order points in America. And new Ikea locations — not covered by the $2.19 billion investment — are set to open in San Francisco, California, and Arlington, Virginia, over the summer.
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