IKEA to open 17 new US stores with a focus on the South

IKEA will invest $2.2 billion to grow its US presence over the next three years, including opening eight new full-line stores and nine "plan and order points," which are small storefronts that act as planning studios with in-house designers. The Sweden-based furniture retailer currently has 51 full-line US stores, with two more slated to open this summer, and the new investment plan will also focus on growing omnichannel shopping, adding pick-up locations and increasing IKEA's presence in the South. CNBC

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Esprit maps return to US retail scene

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