IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair

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IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair
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The new stores, including nine 'plan and order points', smaller stores where customers can get advice and order furniture for delivery, are in addition to already planned IKEA openings in downtown San Francisco and in Arlington, Virginia.

LONDON - IKEA stores owner Ingka Group will spend 2 billion euros 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.

"It is in all the states across the U.S. where we see opportunities, but I would say in particular the South, where we see big demand that we have not so far been able to respond to," said Tolga Öncü, head of IKEA Retail at Ingka Group. Öncü said specific locations for the stores had not yet been decided. The new stores, including nine "plan and order points", smaller stores where customers can get advice and order furniture for delivery, are in addition to already planned IKEA openings in downtown San Francisco and in Arlington, Virginia.

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