Ikea plans to spend $2.2 billion to open new stores in the United States

[Ikea plans to open a new store in the United States at a cost of $2.2 billion] Ingka Group, owner of the IKEA store, will spend 2 billion euros ($2.2 billion) to expand in the United States over the next three years, its largest investment in a country. Ingka said on April 20 that it plans to open eight new large Ikea stores and nine smaller ones in the United States, which is Ikea's second-largest market after Germany by sales, and upgrade existing ones.