Tolga Öncü, head of Ikea Retail, said the company saw “endless opportunities to grow” in the United States. The San Francisco store, on Market Street near Westfield Centre, will be in the chain’s urban “Livat” configuration, more of a mall-type experience than the standard big-box Ikea maze. Ingka also said it planned to use part of its bumper investment to modernize its existing US Ikea stores to enable them to send out more parcels. Ingka Group reported sales of €5.5 billion ($6 billion) in the United States in the last financial year, which ended in August 2022. It took €5.7 billion ($6.2 billion) in sales in Germany over the same period.

Source: CNN April 20, 2023 14:03 UTC